Nutanix (NTNX) Releases Q3 Earnings Guidance
Nutanix (NASDAQ:NTNX) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.21-0.19) for the period, compared to the Thomson Reuters consensus estimate of ($0.23). The company issued revenue guidance of $275-280 million, compared to the consensus revenue estimate of $267.12 million.
Several research firms have recently issued reports on NTNX. Royal Bank of Canada reissued a buy rating and set a $43.00 target price on shares of Nutanix in a report on Friday. Robert W. Baird increased their target price on Nutanix from $41.00 to $45.00 and gave the stock an outperform rating in a report on Friday. Morgan Stanley increased their target price on Nutanix from $39.00 to $42.00 and gave the stock an equal weight rating in a report on Friday. Maxim Group reaffirmed a buy rating and issued a $54.00 price objective (up from $51.00) on shares of Nutanix in a research note on Friday. Finally, Wells Fargo & Co raised their price objective on Nutanix from $43.00 to $52.00 and gave the company an outperform rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $37.26.
Nutanix (NASDAQ:NTNX) opened at $38.87 on Friday. The company has a market capitalization of $5,807.35, a PE ratio of -18.08 and a beta of 2.13. Nutanix has a 1 year low of $14.38 and a 1 year high of $38.90.
In other Nutanix news, President Sudheesh Nair Vadakkedath sold 40,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.35, for a total value of $1,214,000.00. Following the completion of the transaction, the president now directly owns 193,856 shares in the company, valued at $5,883,529.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey T. Parks sold 285,975 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $37.54, for a total value of $10,735,501.50. The disclosure for this sale can be found here. Insiders sold 1,276,667 shares of company stock valued at $45,624,122 over the last quarter. Corporate insiders own 19.81% of the company’s stock.
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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