$342.04 Million in Sales Expected for Nutanix Inc (NASDAQ:NTNX) This Quarter
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.
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.
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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