Nutanix (NTNX) Earning Somewhat Favorable Media Coverage, Analysis Finds

Media stories about Nutanix (NASDAQ:NTNX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nutanix earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.1246924824276 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

A number of analysts recently commented on NTNX shares. Vetr lowered Nutanix from a “strong-buy” rating to a “buy” rating and set a $31.00 price target on the stock. in a report on Tuesday, October 24th. Piper Jaffray Companies set a $28.00 target price on Nutanix and gave the company a “buy” rating in a research note on Monday, October 23rd. Robert W. Baird restated a “buy” rating and issued a $31.00 target price (up from $28.00) on shares of Nutanix in a research note on Monday, September 25th. Maxim Group restated a “buy” rating and issued a $41.00 target price on shares of Nutanix in a research note on Friday, September 22nd. Finally, Bank of America boosted their target price on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $35.30.

Nutanix (NASDAQ NTNX) traded down $0.11 during trading hours on Friday, hitting $37.84. The company had a trading volume of 1,919,500 shares, compared to its average volume of 4,230,000. Nutanix has a 12 month low of $14.38 and a 12 month high of $38.80. The company has a market cap of $6,070.00 and a price-to-earnings ratio of -15.64.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative return on equity of 113.75% and a negative net margin of 22.31%. The company had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. During the same period in the previous year, the company posted ($0.37) EPS. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. equities analysts forecast that Nutanix will post -1.71 EPS for the current fiscal year.

In related news, Director Jeffrey T. Parks sold 456,623 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.51, for a total transaction of $13,474,944.73. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sunil Potti sold 10,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $26.87, for a total value of $268,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,219,670 shares of company stock worth $71,006,839. 19.81% of the stock is currently owned by corporate insiders.

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About Nutanix

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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