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Nutanix shares drop on downbeat Q4 revenue forecast

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** Shares of cloud services company Nutanix NTNX.O down 10.9% at $65.30 after the bell

** Co forecasts Q4 revenue in the range of $530 mln to $540 mln vs avg analysts' est of $546.07 mln - LSEG

** However, Q3 rev of $524.6 mln tops estimate of $516.2 mln - LSEG

** Says Q3 witnessed 24% annual recurring revenue growth compared to last year

** Up to last close, stock is up 53.7% YTD

Reporting by Sourasis Bose in Bengaluru


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