Nutanix, Inc. (NASDAQ:NTNX): Financial Health and Analyst Ratings

Nutanix, Inc. (NASDAQ:NTNX): Financial Health and Analyst Ratings”

A number of research firms have recently weighed in on NTNX. ValuEngine cut Nutanix from a "hold" rating to a "sell" rating in a research report on Thursday, November 9th. Finally, Maxim Group restated a buy rating and issued a $41.00 price target on shares of Nutanix in a report on Friday, September 22nd. Raymond James Financial, Inc. reiterated a market perform rating on shares of Nutanix in a report on Thursday, April 6th. JMP Securities reaffirmed an "outperform" rating and set a $35.00 target price on shares of Nutanix in a research report on Sunday, September 3rd. Stifel Nicolaus set a $25.00 price target on shares of Nutanix and gave the stock a "hold" rating in a research report on Tuesday, August 15th. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Nutanix has an average rating of "Buy" and an average price target of $31.68.

Shares of Nutanix (NASDAQ:NTNX) traded down 1.31% during midday trading on Tuesday, reaching $17.27. Nutanix, Inc. (NTNX) stock price moved downswing along with the volume 5.74 million shares in Wednesday session. The company's market capitalization is $2.47 billion. Nutanix has a 52-week low of $14.38 and a 52-week high of $35.00. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, August 31st.

Wall Street analysts, on average, are forecasting the company's EPS to be -0.26, compared to -0.37 reported in the same quarter a year ago.

The company said it expects revenue in the range of $280 million to $285 million for the fiscal second quarter. The company's revenue for the quarter was up 77.4% on a year-over-year basis. (NASDAQ:NTNX) will report earnings of ($0.26) per share for the current quarter, according to Zacks Investment Research.

In other news, President Sudheesh Nair Vadakkedath sold 50,000 shares of the firm's stock in a transaction on Monday, November 27th. The stock was sold at an average price of $29.27, for a total transaction of $880,705.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Sangster sold 27,000 shares of the firm's stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $21.56, for a total value of $215,600.00. Following the completion of the transaction, the president now directly owns 228,330 shares of the company's stock, valued at $7,779,203.10. The disclosure for this sale can be found here. From the start of year 2017 to present date NTNX reported surged performance of 22.44%. While talking about Performance of the Stock, Nutanix, Inc. now has a Weekly performance of 7.68%, monthly performance percentage is 14.99 percent, Quarterly performance is 48.49 percent, 6 months performance shows a percent value of 75.03% and Yearly Performance is -4.61 percent. FMR LLC boosted its position in Nutanix by 320.6% during the second quarter. Blumberg Capital II, L. the second biggest holder with 7 million shares now valued at 185.69 million whilst Vanguard Group Inc has 3 million shares valued at 63.77 million. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Nutanix in the third quarter worth about $215,000.

The results are the company's first since it announced at its Nutanix.NEXT EU conference in Nice, France, that it was effectively rebranding itself as a "complete enterprise cloud company" rather than a provider of infrastructure products and services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

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