Nutanix (NTNX) Announces Earnings Results, Misses Estimates By $0.02 EPS

Nutanix (NASDAQ:NTNX) announced its quarterly earnings results on Thursday. The technology company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02), Briefing.com reports. Nutanix had a negative net margin of 27.88% and a negative return on equity of 154.04%. The company had revenue of $289.40 million during the quarter, compared to analyst estimates of $278.72 million. During the same quarter last year, the company posted ($0.42) EPS. The firm’s quarterly revenue was up 40.7% on a year-over-year basis. Nutanix updated its Q4 guidance to ($0.22)-($0.20) EPS.

Shares of Nutanix opened at $52.50 on Friday, MarketBeat.com reports. Nutanix has a 12-month low of $16.64 and a 12-month high of $60.00. The company has a market cap of $9.10 billion, a price-to-earnings ratio of -15.77 and a beta of 0.38. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38.

A number of brokerages recently commented on NTNX. Wells Fargo & Co upped their price target on shares of Nutanix from $43.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, March 2nd. Robert W. Baird reiterated a “buy” rating and issued a $61.00 price target on shares of Nutanix in a research note on Thursday, May 10th. Vetr lowered shares of Nutanix from a “hold” rating to a “sell” rating and set a $52.09 price target on the stock. in a research note on Monday, April 16th. Oppenheimer upgraded shares of Nutanix to a “top pick” rating and upped their price target for the company from $43.00 to $65.00 in a research note on Wednesday, March 14th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $43.00 price target on shares of Nutanix in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company. Nutanix currently has an average rating of “Buy” and an average target price of $50.69.

In other news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $38.73, for a total transaction of $1,549,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey T. Parks sold 1,858,951 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $37.94, for a total transaction of $70,528,600.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,458,246 shares of company stock worth $100,745,663. Company insiders own 19.81% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

Earnings History for Nutanix (NASDAQ:NTNX)

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