Nutanix, a technology company listed on the NASDAQ under the ticker symbol NTNX, is set to release its quarterly earnings results on May 29. Analysts are anticipating earnings of $0.17 per share for the quarter. The company previously reported earnings per share of $0.17 for the quarter ending February 28, with revenue reaching $565.23 million. Analysts are projecting zero earnings per share for the current fiscal year and the next fiscal year.
Nutanix’s stock performance shows that it opened at $73.37 on Wednesday, with a 50-day moving average of $63.89 and a 200-day moving average of $55.18. The stock has a 52-week low of $25.24 and a high of $73.69, with a market capitalization of $17.93 billion. Insider activity includes Director Steven J. Gomo selling 25,000 shares, and CFO Rukmini Sivaraman selling 53,029 shares in separate transactions.
Several brokerage firms have provided their opinions on Nutanix, with price targets and ratings for the stock. Bank of America, Needham & Company LLC, KeyCorp, JMP Securities, and Raymond James have all raised their price targets and ratings for the company. The consensus rating on Nutanix is currently “Moderate Buy” with a consensus price target of $65.69.
Nutanix offers an enterprise cloud platform that provides hyperconverged infrastructure software, virtualization solutions, networking services, and cloud clusters. The company aims to simplify the deployment and management of cloud environments, applications, and microservices.
Overall, Nutanix continues to show positive performance and growth potential based on analyst recommendations and the company’s financial results. With upcoming earnings announcements and steady insider activity, investors and analysts will be closely monitoring Nutanix’s progress in the technology sector.
Article Source
https://www.defenseworld.net/2024/05/22/nutanix-ntnx-set-to-announce-quarterly-earnings-on-wednesday.html