Nutanix (NTNX) Set to Announce Earnings on Thursday

Nutanix (NASDAQ:NTNX) will release its earnings data after the market closes on Thursday, May 24th. Analysts expect Nutanix to post earnings of ($0.20) per share for the quarter. Nutanix has set its Q3 guidance at ($0.21-0.19) EPS.

Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $286.70 million during the quarter, compared to analyst estimates of $283.22 million. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) earnings per share. On average, analysts expect Nutanix to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of Nutanix opened at $57.35 on Thursday, according to Marketbeat. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.10 and a quick ratio of 3.10. The company has a market cap of $9.42 billion, a P/E ratio of -17.22 and a beta of 0.38. Nutanix has a 12-month low of $56.86 and a 12-month high of $57.72.

In other news, CAO Kenneth W. Long III sold 32,002 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $54.36, for a total value of $1,739,628.72. Following the transaction, the chief accounting officer now owns 185,256 shares of the company’s stock, valued at $10,070,516.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.94, for a total transaction of $1,357,600.00. The disclosure for this sale can be found here. Insiders sold 2,458,246 shares of company stock worth $99,766,863 in the last three months. Insiders own 19.81% of the company’s stock.

Several brokerages recently issued reports on NTNX. Oppenheimer boosted their target price on shares of Nutanix from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Nutanix from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo boosted their target price on shares of Nutanix from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Thursday, May 10th. Robert W. Baird restated a “buy” rating and set a $61.00 target price on shares of Nutanix in a research report on Thursday, May 10th. Finally, ValuEngine upgraded shares of Nutanix from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.05.

About Nutanix

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)

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply