Somewhat Positive Press Coverage Somewhat Unlikely to Affect Nutanix (NASDAQ:NTNX) Share Price

Media coverage about Nutanix (NASDAQ:NTNX) has trended somewhat positive on Sunday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nutanix earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.7945516502651 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Nutanix (NASDAQ:NTNX) traded down $0.11 on Friday, reaching $37.84. The company’s stock had a trading volume of 1,919,557 shares, compared to its average volume of 2,860,404. The stock has a market cap of $6,070.44, a P/E ratio of -15.64 and a beta of 8.76. Nutanix has a one year low of $14.38 and a one year high of $38.80.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. Nutanix’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period last year, the business posted ($0.37) EPS. research analysts expect that Nutanix will post -1.71 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. Oppenheimer increased their price target on Nutanix to $40.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price target (up from $34.00) on shares of Nutanix in a research note on Friday, November 24th. Piper Jaffray Companies set a $28.00 price target on Nutanix and gave the company a “buy” rating in a research note on Monday, October 23rd. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $33.55 price target for the company. in a research note on Tuesday, November 21st. Finally, Maxim Group reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research note on Friday, September 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $35.30.

In other news, insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction on Monday, October 16th. The stock was sold at an average price of $26.87, for a total value of $268,700.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.56, for a total value of $1,142,400.00. The disclosure for this sale can be found here. Insiders sold a total of 2,219,670 shares of company stock worth $71,006,839 over the last quarter. Company insiders own 19.81% of the company’s stock.

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About Nutanix

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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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