Nutanix (NTNX) Releases Earnings Results, Beats Expectations By $0.10 EPS
Nutanix (NASDAQ:NTNX) released its quarterly earnings results on Thursday. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10, Briefing.com reports. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period in the prior year, the firm earned ($0.37) earnings per share. Nutanix’s revenue was up 46.1% on a year-over-year basis. 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 1 year low of $14.38 and a 1 year high of $35.00.
A number of brokerages have weighed in on NTNX. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $40.00 target price on shares of Nutanix in a research note on Friday. Vetr cut shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $33.55 price target for the company. in a research note on Tuesday, November 21st. Robert W. Baird reissued a “buy” rating and issued a $41.00 price objective (up from $31.00) on shares of Nutanix in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 price target (up previously from $34.00) on shares of Nutanix in a research report on Friday, November 24th. Finally, Stifel Nicolaus set a $25.00 price target on shares of Nutanix and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.35.
WARNING: “Nutanix (NTNX) Releases Earnings Results, Beats Expectations By $0.10 EPS” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/01/nutanix-ntnx-releases-earnings-results-beats-expectations-by-0-10-eps-2.html.
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.
Receive News & Ratings for Nutanix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix Inc. and related companies with MarketBeat.com's FREE daily email newsletter.