Nutanix (NTNX) Set to Announce Quarterly Earnings on Wednesday

Nutanix (NASDAQ:NTNX – Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, August 28th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Nutanix has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Nutanix (NASDAQ:NTNX – Get Free Report) last released its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.12. The firm had revenue of $524.58 million for the quarter, compared to the consensus estimate of $516.13 million. Nutanix had a negative return on equity of 7.74% and a negative net margin of 0.57%. On average, analysts expect Nutanix to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nutanix Stock Up 2.0 %

NTNX stock opened at $53.03 on Wednesday. The company has a market capitalization of $13.08 billion, a price-to-earnings ratio of -757.57, a P/E/G ratio of 4.45 and a beta of 1.16. The firm has a 50 day moving average of $52.57 and a two-hundred day moving average of $58.86. Nutanix has a 12 month low of $29.25 and a 12 month high of $73.69.

Insider Buying and Selling at Nutanix

In related news, COO David Sangster sold 10,384 shares of Nutanix stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the completion of the transaction, the chief operating officer now directly owns 64,333 shares of the company’s stock, valued at approximately $3,486,205.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO David Sangster sold 10,384 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $54.19, for a total transaction of $562,708.96. Following the transaction, the chief operating officer now owns 64,333 shares in the company, valued at approximately $3,486,205.27. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 12,566 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $53.22, for a total transaction of $668,762.52. Following the sale, the chief financial officer now directly owns 144,902 shares in the company, valued at approximately $7,711,684.44. The disclosure for this sale can be found here. Insiders have sold 46,936 shares of company stock worth $2,531,273 over the last three months. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NTNX shares. Needham & Company LLC raised their price target on Nutanix from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Northland Securities lowered Nutanix from an “outperform” rating to a “market perform” rating and set a $71.00 target price on the stock. in a report on Thursday, May 30th. Northland Capmk downgraded Nutanix from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 30th. Barclays reduced their price objective on Nutanix from $80.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Morgan Stanley lowered their price objective on shares of Nutanix from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, June 21st. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.31.

Read Our Latest Analysis on Nutanix

About Nutanix

(Get Free Report)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.

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