Nutanix Inc (NASDAQ:NTNX) Expected to Announce Quarterly Sales of $293.27 Million
Analysts expect Nutanix Inc (NASDAQ:NTNX) to announce sales of $293.27 million for the current quarter, according to Zacks. Eleven analysts have made estimates for Nutanix’s earnings, with the highest sales estimate coming in at $301.40 million and the lowest estimate coming in at $277.90 million. Nutanix posted sales of $303.75 million during the same quarter last year, which suggests a negative year over year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, August 28th.
According to Zacks, analysts expect that Nutanix will report full-year sales of $1.23 billion for the current financial year, with estimates ranging from $1.21 billion to $1.28 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.40 billion, with estimates ranging from $1.31 billion to $1.55 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Nutanix.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.96) by ($0.12). The firm had revenue of $287.60 million for the quarter, compared to analyst estimates of $297.20 million. Nutanix had a negative net margin of 41.47% and a negative return on equity of 127.35%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) earnings per share.
Shares of Nutanix stock traded down $0.59 during trading on Friday, hitting $18.14. 23,543 shares of the stock traded hands, compared to its average volume of 3,900,236. The company has a market capitalization of $3.55 billion, a PE ratio of -10.81 and a beta of 1.35. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.48. Nutanix has a twelve month low of $18.33 and a twelve month high of $63.38. The business’s fifty day moving average is $23.98.
Several hedge funds have recently modified their holdings of the company. Virginia Retirement Systems ET AL lifted its holdings in shares of Nutanix by 1.9% during the first quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock worth $604,000 after buying an additional 300 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of Nutanix by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 8,182 shares of the technology company’s stock valued at $309,000 after purchasing an additional 355 shares during the period. Chartwell Investment Partners LLC increased its position in shares of Nutanix by 3.4% during the first quarter. Chartwell Investment Partners LLC now owns 11,959 shares of the technology company’s stock valued at $451,000 after purchasing an additional 390 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Nutanix by 31.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock valued at $78,000 after purchasing an additional 725 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Nutanix by 98.5% during the first quarter. Parallel Advisors LLC now owns 1,552 shares of the technology company’s stock valued at $59,000 after purchasing an additional 770 shares during the period. Institutional investors own 62.09% of the company’s stock.
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.
Further Reading: Economic Bubble
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.