Nutanix Inc (NASDAQ:NTNX) Expected to Post Quarterly Sales of $342.04 Million

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.

A number of brokerages have recently commented on NTNX. BidaskClub raised Nutanix from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Bank of America lifted their price objective on Nutanix from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Jaffray Companies lifted their price objective on Nutanix from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Nutanix in a research report on Tuesday, November 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $38.00 price objective (up previously from $29.00) on shares of Nutanix in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.44.

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.

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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