Zacks: Analysts Expect Nutanix, Inc. (NASDAQ:NTNX) Will Post Quarterly Sales of $398.30 Million

Brokerages forecast that Nutanix, Inc. (NASDAQ:NTNXGet Rating) will post sales of $398.30 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Nutanix’s earnings, with the lowest sales estimate coming in at $397.00 million and the highest estimate coming in at $400.60 million. Nutanix posted sales of $344.51 million in the same quarter last year, which suggests a positive year over year growth rate of 15.6%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Nutanix will report full year sales of $1.63 billion for the current financial year. For the next year, analysts expect that the business will post sales of $1.94 billion, with estimates ranging from $1.88 billion to $1.99 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Nutanix.

Nutanix (NASDAQ:NTNXGet Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The technology company reported ($0.43) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.70) by $0.27. The business had revenue of $413.08 million during the quarter, compared to the consensus estimate of $406.75 million. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.79) EPS.

Several brokerages have issued reports on NTNX. StockNews.com began coverage on shares of Nutanix in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley lowered their price target on shares of Nutanix from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 12th. Wells Fargo & Company lowered their price target on shares of Nutanix from $40.00 to $35.00 and set an “equal weight” rating on the stock in a report on Thursday, March 3rd. Needham & Company LLC lowered their price target on shares of Nutanix from $71.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Finally, KeyCorp began coverage on shares of Nutanix in a report on Tuesday, January 18th. They issued an “overweight” rating and a $39.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $42.18.

Shares of Nutanix stock opened at $25.03 on Friday. The firm has a market capitalization of $5.52 billion, a PE ratio of -5.26 and a beta of 1.55. The company’s fifty day moving average price is $25.81 and its two-hundred day moving average price is $29.56. Nutanix has a 52-week low of $21.99 and a 52-week high of $44.50.

In other Nutanix news, CAO Aaron Boynton sold 2,851 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $23.78, for a total transaction of $67,796.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Rajiv Ramaswami sold 5,000 shares of the stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $24.72, for a total transaction of $123,600.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,652 shares of company stock worth $1,970,165. Insiders own 0.92% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new position in Nutanix during the 4th quarter valued at about $32,000. Carroll Investors Inc acquired a new position in Nutanix during the 4th quarter valued at about $42,000. O Shaughnessy Asset Management LLC lifted its position in Nutanix by 26.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,537 shares of the technology company’s stock valued at $58,000 after purchasing an additional 321 shares during the period. Loomis Sayles & Co. L P acquired a new position in Nutanix during the 4th quarter valued at about $59,000. Finally, Koshinski Asset Management Inc. lifted its position in Nutanix by 23.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,902 shares of the technology company’s stock valued at $92,000 after purchasing an additional 560 shares during the period. Institutional investors own 74.27% of the company’s stock.

Nutanix Company Profile (Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

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