Nutanix (NASDAQ:NTNX) is set to post its quarterly earnings results after the market closes on Thursday, March 1st. Analysts expect Nutanix to post earnings of ($0.25) per share for the quarter.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.37) EPS. 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 (NASDAQ NTNX) opened at $35.93 on Wednesday. The firm has a market capitalization of $5,760.00 and a price-to-earnings ratio of -14.85. Nutanix has a 12 month low of $14.38 and a 12 month high of $38.80.
In other news, CEO Dheeraj Pandey sold 71,400 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $35.33, for a total value of $2,522,562.00. Following the transaction, the chief executive officer now directly owns 288,612 shares of the company’s stock, valued at $10,196,661.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Duston Williams sold 300,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $35.36, for a total value of $10,608,000.00. The disclosure for this sale can be found here. Insiders sold 1,276,667 shares of company stock worth $45,624,122 over the last three months. Corporate insiders own 19.81% of the company’s stock.
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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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