Zacks: Brokerages Anticipate Nutanix Inc (NTNX) Will Announce Quarterly Sales of $296.48 Million

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Wall Street analysts predict that Nutanix Inc (NASDAQ:NTNX) will post $296.48 million in sales for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Nutanix’s earnings. The highest sales estimate is $299.95 million and the lowest is $294.70 million. Nutanix posted sales of $289.41 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The firm is scheduled to announce its next earnings report on Thursday, May 23rd.

According to Zacks, analysts expect that Nutanix will report full year sales of $1.28 billion for the current year, with estimates ranging from $1.25 billion to $1.30 billion. For the next year, analysts forecast that the company will post sales of $1.55 billion, with estimates ranging from $1.39 billion to $1.72 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, February 28th. The technology company reported ($0.55) EPS for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.02. The business had revenue of $335.36 million for the quarter, compared to the consensus estimate of $331.04 million. Nutanix had a negative net margin of 31.41% and a negative return on equity of 90.83%.

A number of research analysts have commented on NTNX shares. Morgan Stanley raised shares of Nutanix from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $57.00 to $58.00 in a research report on Tuesday, January 15th. Wells Fargo & Co downgraded shares of Nutanix from an “outperform” rating to a “market perform” rating and cut their target price for the company from $70.00 to $45.00 in a research report on Friday, March 1st. Jefferies Financial Group reissued a “hold” rating on shares of Nutanix in a research report on Friday, March 1st. Stifel Nicolaus downgraded shares of Nutanix from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $39.00 in a research report on Friday, March 1st. Finally, Maxim Group cut their target price on shares of Nutanix from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $54.69.

NASDAQ NTNX traded down $0.01 during trading on Friday, reaching $43.01. 1,909,800 shares of the company’s stock traded hands, compared to its average volume of 3,895,141. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of -25.45 and a beta of 0.99. Nutanix has a 12-month low of $32.52 and a 12-month high of $64.87.

In other news, insider Tyler Wall sold 12,132 shares of Nutanix stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $41.23, for a total value of $500,202.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO David Sangster sold 7,917 shares of Nutanix stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $35.99, for a total transaction of $284,932.83. Following the completion of the transaction, the chief operating officer now directly owns 7,917 shares in the company, valued at approximately $284,932.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,965 shares of company stock worth $1,794,076. Insiders own 14.57% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in NTNX. JPMorgan Chase & Co. boosted its stake in Nutanix by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,482,788 shares of the technology company’s stock worth $106,065,000 after purchasing an additional 15,922 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Nutanix by 6.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 372,752 shares of the technology company’s stock worth $15,923,000 after purchasing an additional 22,886 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Nutanix by 16.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 174,302 shares of the technology company’s stock worth $7,446,000 after purchasing an additional 24,815 shares in the last quarter. Man Group plc boosted its stake in Nutanix by 7.4% in the 3rd quarter. Man Group plc now owns 28,673 shares of the technology company’s stock worth $1,225,000 after purchasing an additional 1,979 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Nutanix by 101.6% in the 3rd quarter. Macquarie Group Ltd. now owns 59,660 shares of the technology company’s stock worth $2,549,000 after purchasing an additional 30,066 shares in the last quarter. Institutional investors own 54.93% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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