Wall Street analysts forecast that Nutanix Inc. (NASDAQ:NTNX) will report $265.74 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Nutanix’s earnings, with the lowest sales estimate coming in at $264.80 million and the highest estimate coming in at $266.70 million. Nutanix reported sales of $166.81 million in the same quarter last year, which indicates a positive year-over-year growth rate of 59.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, December 5th.
On average, analysts expect that Nutanix will report full-year sales of $265.74 million for the current year, with estimates ranging from $1.14 billion to $1.21 billion. For the next year, analysts expect that the firm will report sales of $1.53 billion per share, with estimates ranging from $1.45 billion to $1.67 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Nutanix.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $226.10 million during the quarter, compared to the consensus estimate of $216.00 million. The firm’s quarterly revenue was up 61.7% compared to the same quarter last year.
A number of analysts recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Nutanix in a report on Friday, October 13th. Vetr upgraded shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price target for the company in a research report on Monday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday, October 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research report on Friday, October 13th. Finally, Stifel Nicolaus set a $25.00 price target on shares of Nutanix and gave the company a “hold” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.43.
Shares of Nutanix (NASDAQ:NTNX) traded down 0.11% on Friday, hitting $26.28. The company had a trading volume of 2,261,558 shares. The stock’s market cap is $4.07 billion. The company has a 50-day moving average of $23.58 and a 200 day moving average of $23.58. Nutanix has a 12 month low of $14.38 and a 12 month high of $34.96.
In other Nutanix news, insider Sunil Potti sold 10,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.87, for a total value of $268,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Rajiv Mirani sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $26.42, for a total transaction of $528,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,891 shares of company stock valued at $12,358,039.
Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its position in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Nutanix in the 2nd quarter worth approximately $186,000. First American Bank purchased a new stake in Nutanix in the 2nd quarter worth approximately $205,000. PNC Financial Services Group Inc. purchased a new stake in Nutanix in the 2nd quarter worth approximately $208,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Nutanix in the 1st quarter worth approximately $211,000. Institutional investors own 31.48% of the company’s stock.
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Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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