Nutanix (NTNX) Announces Quarterly Earnings Results

Nutanix (NASDAQ:NTNX) released its earnings results on Thursday. The technology company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.02), Briefing.com reports. The firm had revenue of $289.40 million during the quarter, compared to analysts’ expectations of $278.72 million. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. The firm’s revenue was up 40.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.42) earnings per share. Nutanix updated its Q4 guidance to ($0.22)-($0.20) EPS.

Nutanix opened at $55.36 on Friday, Marketbeat Ratings reports. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.38. The firm has a market cap of $9.25 billion, a P/E ratio of -16.62 and a beta of 0.38. Nutanix has a twelve month low of $16.64 and a twelve month high of $60.00.

Several analysts have commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $61.00 target price on shares of Nutanix in a research note on Tuesday, March 13th. Needham & Company LLC lifted their price target on shares of Nutanix to $65.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and issued a $64.00 price target on shares of Nutanix in a report on Friday. Jefferies Group lifted their price target on shares of Nutanix to $60.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, Royal Bank of Canada lifted their price target on shares of Nutanix to $62.00 and gave the company an “outperform” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Nutanix presently has a consensus rating of “Buy” and a consensus target price of $50.55.

In related news, EVP David Sangster sold 6,625 shares of Nutanix stock in a transaction on Monday, March 19th. The shares were sold at an average price of $52.66, for a total transaction of $348,872.50. Following the transaction, the executive vice president now owns 12,500 shares in the company, valued at approximately $658,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction on Monday, May 21st. The shares were sold at an average price of $58.41, for a total transaction of $2,336,400.00. Following the transaction, the president now owns 207,247 shares in the company, valued at approximately $12,105,297.27. The disclosure for this sale can be found here. Insiders have sold a total of 2,458,246 shares of company stock worth $100,745,663 in the last 90 days. Company insiders own 19.81% of the company’s stock.

Nutanix Company Profile

Nutanix, Inc develops and provides an enterprise cloud operating system software. It offers enterprise applications, virtual desktop infrastructure, virtualization and cloud, big data, remote and branch office IT, and data protection and disaster recovery solutions; and hardware platforms and software options; and support and services.

Earnings History for Nutanix (NASDAQ:NTNX)

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