Nutanix, Splunk lead cloud stocks higher on strong results, guidance
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Nutanix (NASDAQ:NTNX) and Splunk (NASDAQ:SPLK) led enterprise software stocks higher on Thursday after the pair reported stronger-than-expected results and guidance. 
Nutanix (NTNX) surged more than 14% after the company raised its full-year revenue forecast and completed its internal investigation.
San Jose, California-based Nutanix (NTNX) said annual contract value billings for the full-year would be between $915M and $925M, with revenue forecast to fall within a range of $1.84B and $.85B.
Analysts were expecting $1.8B in revenue for the full-year. 
The company also said it expects adjusted gross margins to be around 84%, while adjusted operating margins are expected to be within a range of 6% to 7%.
Splunk (SPLK) shares rose nearly 4% after the company topped first-quarter estimates and guidance for the upcoming period.
The company earned an adjusted 18 cents per share in the first-quarter as revenue rose 11.6% year-over-year to $752.2M. Analysts were expecting a loss of 12 cents per share, excluding one-time items, and revenue of $729.19M.
Looking to the second-quarter, Splunk (SPLK) said it expects second-quarter revenue to be between $880M and $895M, above the $870.6M analysts were expecting.
Full-year revenue is forecast to be approximately $3.9B, about in line with the $3.89B that analysts expect.
Other cloud computing stocks were higher in early Thursday trading, including ServiceNow (NOW), Adobe (ADBE), Microsoft (MSFT) and others.
Salesforce (CRM), which is slated to report first-quarter results on May 31, was little changed in early trading.
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