Nutanix Inc. (NTNX) Releases Q1 Earnings Guidance
Nutanix Inc. (NASDAQ:NTNX) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.37) for the period, compared to the Thomson Reuters consensus estimate of ($0.37). The company issued revenue guidance of $240-250 million, compared to the consensus revenue estimate of $231.17 million.
Nutanix Inc. (NTNX) traded down 1.42% during mid-day trading on Thursday, reaching $22.16. The company had a trading volume of 4,589,447 shares. The stock’s market capitalization is $3.36 billion. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $46.78. The company’s 50 day moving average is $22.06 and its 200 day moving average is $20.05. Nutanix also was the recipient of unusually large options trading activity on Monday. Traders acquired 10,474 call options on the stock. This represents an increase of approximately 421% compared to the typical volume of 2,010 call options.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.05. The company had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216 million. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The business’s revenue was up 61.7% compared to the same quarter last year. Equities analysts predict that Nutanix Inc. will post ($1.05) earnings per share for the current year.
Several brokerages have commented on NTNX. Oppenheimer Holdings, Inc. reiterated a buy rating and set a $34.00 target price on shares of Nutanix in a research report on Thursday. Piper Jaffray Companies reiterated a buy rating and set a $28.00 target price (up previously from $27.00) on shares of Nutanix in a research report on Thursday, August 31st. Morgan Stanley upped their target price on shares of Nutanix from $19.00 to $22.00 and gave the company a weight rating in a research report on Friday, September 1st. Robert W. Baird reiterated a buy rating and set a $28.00 target price on shares of Nutanix in a research report on Friday, September 1st. Finally, Maxim Group reiterated a buy rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $30.96.
In related news, VP Kenneth W. Long III sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $24.00, for a total value of $720,000.00. Following the completion of the transaction, the vice president now directly owns 240,234 shares of the company’s stock, valued at approximately $5,765,616. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Rajiv Mirani sold 20,000 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $17.16, for a total transaction of $343,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,216,967 shares of company stock valued at $46,693,393.
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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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