Nutanix Higher After Q3 Beat And Raise

Nutanix Inc NTNX shares are trading higher by $2.00 (10 percent) at $19.57 in Friday's session.

The catalyst for the rally is a Q3 adjust EPS beat of three cents along with a sales beat of $5.2 million. The company slightly raised Q4 EPS and sales guidance.

After a higher open, Nutanix continued in that direction before peaking at $20.90 and reversing course. That high comes in between its March 14 high ($20.7) and its March 13 high ($21.39).

After reaching that elevated level, the stock declined to $19.12 and rebounded into the mid-$19.00 handle.