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 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.
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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