Wall Street analysts forecast that Nutanix (NASDAQ:NTNX) will announce $277.99 million in sales for the current quarter, according to Zacks. Nine analysts have made estimates for Nutanix’s earnings. The highest sales estimate is $279.71 million and the lowest is $277.30 million. Nutanix posted sales of $191.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 45%. The business is scheduled to issue its next quarterly earnings report on Thursday, May 24th.

On average, analysts expect that Nutanix will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.15 billion. For the next financial year, analysts anticipate that the company will report sales of $1.32 billion per share, with estimates ranging from $1.26 billion to $1.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Nutanix.

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Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. The company had revenue of $286.70 million for the quarter, compared to the consensus estimate of $283.22 million. During the same quarter last year, the business posted ($0.28) earnings per share. The firm’s revenue was up 44.1% compared to the same quarter last year.

NTNX has been the topic of a number of research analyst reports. Vetr cut Nutanix from a “buy” rating to a “sell” rating and set a $31.98 target price on the stock. in a research note on Tuesday, February 20th. JPMorgan Chase cut Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research note on Thursday, January 25th. Oppenheimer reissued a “buy” rating and issued a $43.00 target price on shares of Nutanix in a research note on Tuesday, January 9th. Maxim Group reissued a “buy” rating and issued a $51.00 target price on shares of Nutanix in a research note on Friday, December 22nd. Finally, Robert W. Baird reissued a “buy” rating and issued a $41.00 target price on shares of Nutanix in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $48.32.

Shares of NTNX stock traded down $0.37 on Monday, reaching $53.41. The company’s stock had a trading volume of 1,890,680 shares, compared to its average volume of 4,484,615. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. Nutanix has a 12-month low of $14.38 and a 12-month high of $55.25. The company has a market capitalization of $8,836.48, a PE ratio of -16.04 and a beta of 0.32.

In other news, CAO Kenneth W. Long III sold 32,002 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $54.36, for a total transaction of $1,739,628.72. Following the transaction, the chief accounting officer now directly owns 185,256 shares of the company’s stock, valued at $10,070,516.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $35.52, for a total value of $1,420,800.00. Following the transaction, the president now directly owns 193,856 shares in the company, valued at $6,885,765.12. The disclosure for this sale can be found here. Insiders have sold 2,736,304 shares of company stock worth $108,421,885 over the last ninety days. Insiders own 19.81% of the company’s stock.

Several large investors have recently made changes to their positions in NTNX. BlackRock Inc. grew its stake in shares of Nutanix by 89.6% during the fourth quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock valued at $207,282,000 after buying an additional 2,776,194 shares during the last quarter. Contour Asset Management LLC bought a new position in shares of Nutanix during the fourth quarter valued at about $35,868,000. Trinity Street Asset Management LLP bought a new position in shares of Nutanix during the fourth quarter valued at about $29,363,000. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Nutanix by 124.9% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock valued at $51,986,000 after buying an additional 818,378 shares during the last quarter. Finally, Castleark Management LLC bought a new position in shares of Nutanix during the fourth quarter valued at about $11,051,000. 43.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Nutanix

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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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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