Nutanix (NTNX) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
Nutanix (NASDAQ:NTNX) issued its quarterly earnings data on Thursday. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10, Briefing.com reports. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same quarter in the previous year, the company posted ($0.37) EPS. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. Nutanix updated its Q2 guidance to ($0.20-0.22) EPS.
Shares of Nutanix (NASDAQ:NTNX) opened at $32.80 on Friday. Nutanix has a 12-month low of $14.38 and a 12-month high of $35.00.
In related news, Director Jeffrey T. Parks sold 456,623 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $29.51, for a total value of $13,474,944.73. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Sangster sold 27,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $21.13, for a total value of $570,510.00. Following the completion of the sale, the executive vice president now directly owns 103,500 shares in the company, valued at approximately $2,186,955. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,818,869 shares of company stock valued at $50,980,098. 19.81% of the stock is owned by company insiders.
NTNX has been the subject of a number of recent research reports. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 target price for the company in a research report on Monday, October 16th. Bank of America lifted 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. Needham & Company LLC started coverage on Nutanix in a research note on Wednesday, November 22nd. They set a “buy” rating and a $45.00 price objective for the company. Jefferies Group started coverage on Nutanix in a research note on Thursday, August 17th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Raymond James Financial raised Nutanix from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $32.35.
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Nutanix Company Profile
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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