Equities research analysts expect that Nutanix Inc (NASDAQ:NTNX) will announce $342.04 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Nutanix’s earnings, with the lowest sales estimate coming in at $339.10 million and the highest estimate coming in at $346.29 million. Nutanix reported sales of $335.36 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The company is expected to issue its next earnings results after the market closes on Wednesday, February 26th.
On average, analysts expect that Nutanix will report full year sales of $1.39 billion for the current fiscal year, with estimates ranging from $1.38 billion to $1.42 billion. For the next year, analysts forecast that the company will report sales of $1.73 billion, with estimates ranging from $1.68 billion to $1.81 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nutanix.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Monday, November 25th. The technology company reported ($0.71) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.13) by $0.42. The company had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $306.42 million. Nutanix had a negative return on equity of 293.83% and a negative net margin of 61.10%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.13) earnings per share.
In other Nutanix news, insider Tyler Wall sold 12,109 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $32.19, for a total transaction of $389,788.71. Following the transaction, the insider now owns 32,780 shares in the company, valued at $1,055,188.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dheeraj Pandey sold 115,293 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $31.89, for a total value of $3,676,693.77. Following the transaction, the chief executive officer now owns 29,451 shares in the company, valued at approximately $939,192.39. The disclosure for this sale can be found here. In the last three months, insiders have sold 490,391 shares of company stock valued at $16,671,854. 9.79% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC acquired a new position in shares of Nutanix during the 3rd quarter worth approximately $266,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Nutanix by 9.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,819 shares of the technology company’s stock worth $231,000 after purchasing an additional 731 shares in the last quarter. Brinker Capital Inc. increased its position in shares of Nutanix by 117.8% during the third quarter. Brinker Capital Inc. now owns 28,326 shares of the technology company’s stock worth $744,000 after purchasing an additional 15,320 shares in the last quarter. Railway Pension Investments Ltd increased its position in shares of Nutanix by 9.6% during the third quarter. Railway Pension Investments Ltd now owns 346,341 shares of the technology company’s stock worth $9,091,000 after purchasing an additional 30,341 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Nutanix during the third quarter worth approximately $263,000. Institutional investors own 64.50% of the company’s stock.
Shares of NASDAQ:NTNX traded up $0.93 during midday trading on Friday, reaching $36.65. The company’s stock had a trading volume of 1,822,980 shares, compared to its average volume of 2,170,044. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of -8.98 and a beta of 1.36. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 9.21. Nutanix has a 1 year low of $17.74 and a 1 year high of $54.60. The business has a 50 day moving average price of $34.03 and a 200 day moving average price of $28.53.
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.
Featured Article: Municipal Bonds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.