$282.95 Million in Sales Expected for Nutanix Inc (NTNX) This Quarter

Wall Street brokerages expect Nutanix Inc (NASDAQ:NTNX) to post $282.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Nutanix’s earnings, with the highest sales estimate coming in at $284.42 million and the lowest estimate coming in at $282.10 million. Nutanix reported sales of $182.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 55.3%. The firm is expected to issue its next quarterly earnings report on Thursday, March 1st.

On average, analysts expect that Nutanix will report full-year sales of $282.95 million for the current fiscal year, with estimates ranging from $1.08 billion to $1.18 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.30 billion per share, with estimates ranging from $1.19 billion to $1.47 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Nutanix.

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, topping the consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The firm had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. During the same period in the prior year, the company posted ($0.37) earnings per share. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year.

NTNX has been the subject of several recent analyst reports. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price objective for the company in a research note on Monday, October 16th. Morgan Stanley reiterated an “equal weight” rating and set a $22.00 price objective on shares of Nutanix in a research note on Sunday, October 1st. ValuEngine lowered Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Bank of America increased their price objective on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, Maxim Group reiterated a “buy” rating and set a $51.00 price objective on shares of Nutanix in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $35.30.

In related news, insider Sunil Potti sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $26.87, for a total value of $268,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey T. Parks sold 456,623 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $29.51, for a total value of $13,474,944.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,219,670 shares of company stock valued at $71,006,839. 19.81% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Scott & Selber Inc. bought a new position in Nutanix during the third quarter worth about $1,398,000. Ameriprise Financial Inc. boosted its holdings in Nutanix by 274.9% during the second quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after buying an additional 427,255 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Nutanix by 3,462.4% during the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after buying an additional 714,257 shares during the last quarter. Lenox Wealth Management Inc. bought a new position in Nutanix during the second quarter worth about $397,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Nutanix by 1,837.8% during the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock worth $1,602,000 after buying an additional 68,000 shares during the last quarter. Institutional investors and hedge funds own 34.13% of the company’s stock.

Nutanix (NTNX) opened at $37.84 on Friday. Nutanix has a 12 month low of $14.38 and a 12 month high of $38.80. The stock has a market capitalization of $6,070.00 and a price-to-earnings ratio of -15.64.

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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.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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