Analysts predict that Nutanix Inc (NASDAQ:NTNX) will announce $342.04 million in sales for the current quarter, according to Zacks. Nine analysts have issued estimates for Nutanix’s earnings. The highest sales estimate is $346.29 million and the lowest is $339.10 million. Nutanix posted sales of $335.36 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 27th.

According to Zacks, analysts expect that Nutanix will report full year sales of $1.39 billion for the current financial year, with estimates ranging from $1.38 billion to $1.42 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.73 billion, with estimates ranging from $1.68 billion to $1.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Nutanix.

Nutanix (NASDAQ:NTNX) last issued its earnings results on Monday, November 25th. The technology company reported ($0.71) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.13) by $0.42. The firm had revenue of $314.80 million for the quarter, compared to the consensus estimate of $306.42 million. Nutanix had a negative net margin of 61.10% and a negative return on equity of 236.32%. The business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.13) earnings per share.

Several research firms recently commented on NTNX. OTR Global raised Nutanix to a “positive” rating in a research report on Wednesday, November 20th. Piper Jaffray Companies boosted their target price on Nutanix from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Zacks Investment Research upgraded shares of Nutanix from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $46.00 price target on shares of Nutanix in a report on Tuesday, November 26th. Finally, Susquehanna Bancshares reaffirmed a “buy” rating and set a $45.00 price target on shares of Nutanix in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Nutanix currently has a consensus rating of “Buy” and an average price target of $40.44.

In other news, CFO Duston Williams sold 19,610 shares of Nutanix stock in a transaction on Monday, September 16th. The shares were sold at an average price of $26.71, for a total transaction of $523,783.10. Following the transaction, the chief financial officer now owns 218,596 shares in the company, valued at approximately $5,838,699.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dheeraj Pandey sold 9,489 shares of Nutanix stock in a transaction on Monday, September 16th. The stock was sold at an average price of $26.71, for a total transaction of $253,451.19. Following the transaction, the chief executive officer now owns 250,975 shares in the company, valued at approximately $6,703,542.25. The disclosure for this sale can be found here. Insiders have sold a total of 165,416 shares of company stock valued at $5,617,325 in the last ninety days. Insiders own 9.79% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its position in Nutanix by 802.1% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,526 shares of the technology company’s stock valued at $66,000 after purchasing an additional 2,246 shares in the last quarter. Advisory Services Network LLC lifted its position in shares of Nutanix by 986.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,771 shares of the technology company’s stock valued at $71,000 after buying an additional 2,516 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Nutanix by 31.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,995 shares of the technology company’s stock valued at $78,000 after acquiring an additional 725 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Nutanix by 694.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,203 shares of the technology company’s stock valued at $85,000 after acquiring an additional 2,800 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its holdings in Nutanix by 6,428.6% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 3,656 shares of the technology company’s stock worth $94,000 after acquiring an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 65.58% of the company’s stock.

NTNX stock traded down $0.97 during midday trading on Tuesday, hitting $34.60. The company’s stock had a trading volume of 3,299,764 shares, compared to its average volume of 3,812,128. The company has a market cap of $6.78 billion, a PE ratio of -10.88 and a beta of 1.44. Nutanix has a 12 month low of $17.74 and a 12 month high of $54.68. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.46. The firm’s 50-day moving average is $29.99 and its 200-day moving average is $26.53.

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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