Nutanix Spikes 17% On Earnings Beat; Analyst Downgrades To Hold

Shares in Nutanix (NTNX) spiked 17% in Thursday’s after-hours trading after the company reported an earnings beat thanks to solid large-deal traction, record gross margin, and tight cost control.Specifically, FQ4 Non-GAAP EPS of -$0.39 soared past Street expectations by $0.28 while GAAP EPS of -$0.93 also beat by $0.15. Revenue of $327.87M topped consensus expectations by $8.41M,…

VMware Tops 2Q Estimates On Stellar SaaS Product Sales

VMware reported better-than-expected 2Q results on Thursday driven by strong sales of Subscription and SaaS products as organizations accelerated their cloud plans amid the COVID-19 pandemic.VMware’s (VMW) 2Q revenues increased 9% to $2.88 billion and surpassed analysts’ expectations of $2.8 billion. Its adjusted EPS grew 18% to $1.81 year-over-year and beat Street estimates of $1.45.…

With Key Data Nearing, Tonix Looks to Spotlight Robust Pipeline In Immunology And CNS Therapeutics

The following article is sponsored by the clinical communications unit of Redington, Inc. The information contained in this article in no way represents investment advice or opinion on the part of Benzinga or its writers and is intended for informational purposes only.Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) has been operating under the radar of major…

AbbVie vs Biogen: Which Drugmaker Scores A ‘Strong Buy’ Street Consensus?

The COVID-19 pandemic has led to a wake-up call for governments, as they realize the significant investment required by the healthcare sector. Billions of dollars are now being invested to develop a treatment for coronavirus. Meanwhile, lockdowns impacted the demand for certain drugs due to a decline in doctor visits and prescriptions filled. Also, elective…

Tesla's Musk hints of battery capacity jump ahead of industry event

Tesla Inc’s chief executive Elon Musk has suggested the U.S. electric carmaker may be able to mass produce longer-life batteries with 50% more energy density in three to four years. Researchers have said the energy density of Panasonic’s “2170” batteries used in Tesla’s Model 3 is around 260Wh/kg, meaning a 50% jump from the current…