Analysts Expect Nutanix Inc (NTNX) Will Post Quarterly Sales of $331.04 Million

Equities research analysts predict that Nutanix Inc (NASDAQ:NTNX) will post sales of $331.04 million for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Nutanix’s earnings, with estimates ranging from $329.22 million to $334.70 million. Nutanix posted sales of $286.74 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.4%. The business is expected to issue its next earnings results after the market closes on Thursday, February 28th.

On average, analysts expect that Nutanix will report full year sales of $1.38 billion for the current year, with estimates ranging from $1.35 billion to $1.41 billion. For the next fiscal year, analysts expect that the company will post sales of $1.82 billion, with estimates ranging from $1.72 billion to $1.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Nutanix.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Tuesday, November 27th. The technology company reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($0.24). The business had revenue of $313.28 million for the quarter, compared to the consensus estimate of $305.21 million. Nutanix had a negative net margin of 27.65% and a negative return on equity of 87.09%. Nutanix’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.16) earnings per share.

A number of equities research analysts have commented on the company. Jefferies Financial Group decreased their price target on Nutanix to $48.00 and set a “hold” rating on the stock in a report on Wednesday, November 28th. Maxim Group reissued a “buy” rating and set a $72.00 price target on shares of Nutanix in a report on Wednesday, November 28th. Stifel Nicolaus reduced their target price on Nutanix from $64.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, November 28th. Royal Bank of Canada reduced their price objective on Nutanix to $60.00 and set an “outperform” rating on the stock in a research note on Monday, November 26th. Finally, Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $57.00 to $58.00 in a research note on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $60.73.

NASDAQ:NTNX traded down $0.13 on Friday, reaching $53.63. 978,600 shares of the company’s stock traded hands, compared to its average volume of 1,975,219. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 1.01. The stock has a market cap of $9.63 billion, a PE ratio of -31.73 and a beta of 1.11. Nutanix has a 12 month low of $33.80 and a 12 month high of $64.87.

In related news, insider Tyler Wall sold 34,144 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $40.36, for a total value of $1,378,051.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Sangster sold 7,917 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $44.64, for a total value of $353,414.88. The disclosure for this sale can be found here. Insiders sold 257,959 shares of company stock valued at $10,742,065 in the last quarter. 14.57% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Man Group plc raised its stake in Nutanix by 7.4% in the third quarter. Man Group plc now owns 28,673 shares of the technology company’s stock worth $1,225,000 after buying an additional 1,979 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Nutanix by 9.6% in the third quarter. Xact Kapitalforvaltning AB now owns 18,200 shares of the technology company’s stock worth $778,000 after buying an additional 1,600 shares in the last quarter. Macquarie Group Ltd. raised its stake in Nutanix by 101.6% in the third quarter. Macquarie Group Ltd. now owns 59,660 shares of the technology company’s stock worth $2,549,000 after buying an additional 30,066 shares in the last quarter. Bank of Montreal Can raised its stake in Nutanix by 11.6% in the third quarter. Bank of Montreal Can now owns 69,217 shares of the technology company’s stock worth $2,957,000 after buying an additional 7,205 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in Nutanix by 67.9% in the third quarter. Columbus Circle Investors now owns 372,265 shares of the technology company’s stock worth $15,903,000 after buying an additional 150,593 shares in the last quarter. 49.47% of the stock is owned by institutional investors.

About Nutanix

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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