Wall Street analysts expect Nutanix Inc. (NASDAQ:NTNX) to post $217.81 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Nutanix’s earnings, with the highest sales estimate coming in at $219.60 million and the lowest estimate coming in at $215.70 million. The firm is scheduled to issue its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that Nutanix will report full-year sales of $217.81 million for the current financial year, with estimates ranging from $756.50 million to $760.30 million. For the next year, analysts anticipate that the company will post sales of $1.03 billion per share, with estimates ranging from $996.73 million to $1.07 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Nutanix.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings results on Thursday, May 25th. The technology company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. The company had revenue of $191.76 million for the quarter, compared to analysts’ expectations of $186.56 million. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business’s quarterly revenue was up 67.2% on a year-over-year basis.
A number of analysts have recently issued reports on NTNX shares. Credit Suisse Group reissued a “buy” rating and issued a $38.00 price objective on shares of Nutanix in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a “buy” rating to a “conviction-buy” rating and set a $31.00 target price for the company in a research report on Friday, July 14th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $34.00 target price on shares of Nutanix in a research report on Wednesday, July 5th. Pacific Crest reiterated an “overweight” rating and set a $30.00 price objective on shares of Nutanix in a research report on Monday, July 3rd. Finally, BTIG Research reiterated a “neutral” rating on shares of Nutanix in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.01.
In other Nutanix news, VP Kenneth W. Long III sold 30,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total transaction of $720,000.00. Following the sale, the vice president now directly owns 240,234 shares in the company, valued at $5,765,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $22.57, for a total transaction of $225,700.00. Following the sale, the insider now owns 131,382 shares in the company, valued at $2,965,291.74. The disclosure for this sale can be found here. Insiders sold 3,536,737 shares of company stock worth $71,191,028 in the last ninety days.
A number of hedge funds have recently modified their holdings of the company. Sapphire Ventures L.L.C. acquired a new stake in shares of Nutanix during the first quarter worth about $51,506,000. Raging Capital Management LLC purchased a new stake in Nutanix during the first quarter worth $27,315,000. Vanguard Group Inc. raised its stake in Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after buying an additional 1,295,813 shares during the last quarter. Macquarie Group Ltd. raised its stake in Nutanix by 418.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock worth $36,291,000 after buying an additional 1,102,841 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Nutanix during the first quarter worth $11,262,000. Institutional investors own 18.55% of the company’s stock.
Nutanix (NTNX) opened at 21.44 on Wednesday. Nutanix has a 12-month low of $14.38 and a 12-month high of $46.78. The company’s market capitalization is $3.25 billion. The company has a 50-day moving average of $20.39 and a 200 day moving average of $21.59.
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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