$296.48 Million in Sales Expected for Nutanix Inc (NTNX) This Quarter

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Analysts expect Nutanix Inc (NASDAQ:NTNX) to report sales of $296.48 million for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Nutanix’s earnings, with the highest sales estimate coming in at $299.95 million and the lowest estimate coming in at $294.70 million. Nutanix reported sales of $289.41 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, May 30th.

According to Zacks, analysts expect that Nutanix will report full year sales of $1.28 billion for the current fiscal year, with estimates ranging from $1.25 billion to $1.30 billion. For the next financial year, analysts expect that the company will post sales of $1.55 billion, with estimates ranging from $1.39 billion to $1.72 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Nutanix.

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

A number of research analysts recently issued reports on the company. Maxim Group restated a “buy” rating and set a $58.00 price target (down previously from $62.00) on shares of Nutanix in a research note on Friday, March 22nd. Odeon Capital Group assumed coverage on Nutanix in a research note on Thursday, May 9th. They set a “buy” rating on the stock. William Blair restated an “outperform” rating on shares of Nutanix in a research note on Thursday, March 21st. OTR Global assumed coverage on Nutanix in a research note on Thursday. They set a “neutral” rating on the stock. Finally, Raymond James downgraded Nutanix from an “outperform” rating to a “market perform” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.31.

NASDAQ:NTNX traded down $0.35 during mid-day trading on Friday, reaching $39.00. 4,012,500 shares of the stock were exchanged, compared to its average volume of 3,749,798. The company has a market capitalization of $6.92 billion, a PE ratio of -23.08 and a beta of 1.07. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.15. Nutanix has a 1 year low of $32.52 and a 1 year high of $64.87.

In other news, insider Tyler Wall sold 12,132 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $41.23, for a total value of $500,202.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Mcadam sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $40.00, for a total value of $600,000.00. Following the completion of the sale, the director now directly owns 54,024 shares of the company’s stock, valued at $2,160,960. The disclosure for this sale can be found here. Insiders have sold a total of 35,049 shares of company stock valued at $1,385,135 over the last ninety days. 14.57% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in shares of Nutanix by 26.6% in the 4th quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock valued at $50,000 after buying an additional 253 shares during the period. Virginia Retirement Systems ET AL lifted its holdings in shares of Nutanix by 1.9% in the 1st quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock valued at $604,000 after buying an additional 300 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of Nutanix by 1.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 26,325 shares of the technology company’s stock valued at $1,095,000 after buying an additional 349 shares during the period. First Republic Investment Management Inc. lifted its holdings in shares of Nutanix by 4.5% in the 1st quarter. First Republic Investment Management Inc. now owns 8,182 shares of the technology company’s stock valued at $309,000 after buying an additional 355 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Nutanix by 6.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,164 shares of the technology company’s stock valued at $256,000 after buying an additional 378 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

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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