$293.27 Million in Sales Expected for Nutanix Inc (NASDAQ:NTNX) This Quarter

Wall Street brokerages expect Nutanix Inc (NASDAQ:NTNX) to post $293.27 million in sales for the current quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Nutanix’s earnings. The highest sales estimate is $301.40 million and the lowest is $277.90 million. Nutanix reported sales of $303.75 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.5%. The firm is scheduled to announce its next earnings report 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 year, with estimates ranging from $1.21 billion to $1.28 billion. For the next financial year, analysts forecast that the company will report sales of $1.40 billion, with estimates ranging from $1.31 billion to $1.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported ($1.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.96) by ($0.12). The company had revenue of $287.60 million for the quarter, compared to analyst estimates of $297.20 million. Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) earnings per share.



A number of equities research analysts have weighed in on NTNX shares. Zacks Investment Research cut Nutanix from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. ValuEngine upgraded Nutanix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Bank of America reiterated a “buy” rating and issued a $35.00 price objective (down previously from $41.00) on shares of Nutanix in a research note on Tuesday. Needham & Company LLC reduced their price objective on Nutanix from $63.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Odeon Capital Group assumed coverage on Nutanix in a research note on Thursday, May 9th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $41.52.

A number of institutional investors have recently bought and sold shares of the business. Generation Investment Management LLP purchased a new stake in shares of Nutanix in the second quarter valued at $374,127,000. Eminence Capital LP purchased a new stake in shares of Nutanix in the second quarter valued at $99,453,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Nutanix in the first quarter valued at $60,031,000. ARK Investment Management LLC lifted its position in shares of Nutanix by 651.0% in the second quarter. ARK Investment Management LLC now owns 1,412,100 shares of the technology company’s stock valued at $36,630,000 after acquiring an additional 1,224,081 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Nutanix by 167.4% in the second quarter. First Trust Advisors LP now owns 1,952,096 shares of the technology company’s stock valued at $50,637,000 after acquiring an additional 1,221,956 shares in the last quarter. 62.09% of the stock is currently owned by institutional investors.

NTNX stock traded down $0.08 during trading on Friday, hitting $18.24. 4,506,540 shares of the company’s stock were exchanged, compared to its average volume of 3,890,414. The business has a 50-day moving average price of $23.71 and a two-hundred day moving average price of $35.18. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -10.79 and a beta of 1.35. Nutanix has a 52-week low of $17.74 and a 52-week high of $63.38. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 1.48.

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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