For the quarter ended July 2024, Nutanix (NTNX) reported revenue of $547.95 million, up 10.9% over the same period last year. EPS came in at $0.27, compared to $0.24 in the year-ago quarter. The reported revenue represents a surprise of +2.02% over the Zacks Consensus Estimate of $537.12 million. With the consensus EPS estimate being … Read more
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price. Do they really matter, though? Let’s take a look at what these Wall Street heavyweights have to … Read more
Nutanix (NTNX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company’s changing earnings picture is at the core of the Zacks rating. The … Read more
Nutanix (NTNX) has been beaten down lately with too much selling pressure. While the stock has lost 8.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Here … Read more
Nutanix (NTNX) closed its last trading session at $59.41, showing a 12.5% increase over the past four weeks. Wall Street analysts have set short-term price targets for the stock, with a mean price target of $74.92 suggesting a potential 26.1% upside. The range of price targets varies from $60 to $80, with a standard deviation … Read more