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.

Several equities research analysts have recently issued reports on NTNX shares. BTIG Research reduced their price target on Nutanix to $40.00 and set a “buy” rating for the company in a report on Friday, May 31st. Bank of America reiterated a “buy” rating and set a $35.00 price target (down from $41.00) on shares of Nutanix in a report on Tuesday. Zacks Investment Research lowered Nutanix from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Piper Jaffray Companies lowered Nutanix from an “overweight” rating to a “neutral” rating and set a $25.75 price target for the company. in a report on Friday, May 31st. Finally, Needham & Company LLC reduced their target price on Nutanix from $63.00 to $46.00 and set a “buy” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Nutanix presently has an average rating of “Hold” and a consensus target price of $41.52.

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.

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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