Media coverage about Nutanix (NASDAQ:NTNX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nutanix earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.1245037098552 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Stock Recap – Nutanix, Inc. (NTNX) – android media cell (androidmediacell.com)
- Why Nutanix Isn’t Done Growing Yet (finance.yahoo.com)
- Zacks: Brokerages Anticipate Nutanix Inc (NTNX) Will Announce Earnings of -$0.20 Per Share (americanbankingnews.com)
- Stocks Performances and Technical’s to scrutinize: Nutanix, Inc., (NASDAQ: NTNX), Teva Pharmaceutical Industries … – TNN (tradingnewsnow.com)
- Nutanix, Inc. (NTNX) Stock within Traders Concentration – The Stocks News (press release) (thestocksnews.com)
A number of research analysts recently issued reports on NTNX shares. Vetr lowered shares of Nutanix from a “buy” rating to a “sell” rating and set a $31.98 target price on the stock. in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lowered shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research note on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and issued a $43.00 target price on shares of Nutanix in a research note on Tuesday, January 9th. Maxim Group reiterated a “buy” rating and issued a $51.00 target price on shares of Nutanix in a research note on Friday, December 22nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $41.00 target price on shares of Nutanix in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Nutanix has a consensus rating of “Buy” and an average price target of $46.52.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The business had revenue of $286.70 million for the quarter, compared to analyst estimates of $283.22 million. During the same period in the previous year, the business earned ($0.28) EPS. The firm’s revenue was up 44.1% on a year-over-year basis. sell-side analysts predict that Nutanix will post -1.59 earnings per share for the current year.
In related news, EVP David Sangster sold 6,625 shares of Nutanix stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $52.66, for a total transaction of $348,872.50. Following the completion of the transaction, the executive vice president now directly owns 12,500 shares of the company’s stock, valued at approximately $658,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $34.35, for a total transaction of $1,717,500.00. Following the transaction, the president now directly owns 188,330 shares of the company’s stock, valued at $6,469,135.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,645,160 shares of company stock worth $101,996,929. 19.81% of the stock is owned by company insiders.
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Nutanix Company Profile
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.
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