Nutanix Inc (NTNX) Expected to Post Quarterly Sales of $293.27 Million

Equities research analysts expect that Nutanix Inc (NASDAQ:NTNX) will announce sales of $293.27 million for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Nutanix’s earnings, with estimates ranging from $277.90 million to $301.40 million. Nutanix reported sales of $303.75 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.5%. The firm is expected to issue its next quarterly earnings results on Thursday, August 29th.

On average, analysts expect that Nutanix will report full year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.21 billion to $1.28 billion. For the next fiscal year, analysts expect that the business will post sales of $1.40 billion, with estimates ranging from $1.31 billion to $1.55 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Nutanix.

Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.12). Nutanix had a negative net margin of 41.47% and a negative return on equity of 121.03%. The business had revenue of $287.60 million for the quarter, compared to the consensus estimate of $297.20 million. During the same quarter in the previous year, the firm earned ($0.21) EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis.

Several equities analysts have recently commented on the stock. Deutsche Bank began coverage on shares of Nutanix in a research report on Tuesday, March 12th. They set a “hold” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Nutanix in a report on Monday, May 13th. Stifel Nicolaus downgraded shares of Nutanix from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $39.00 in a report on Friday, March 1st. Jefferies Financial Group upped their price objective on shares of Nutanix from $42.00 to $49.00 in a report on Thursday, March 21st. Finally, Maxim Group reduced their price objective on shares of Nutanix from $72.00 to $62.00 and set a “buy” rating for the company in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.58.

Shares of Nutanix stock traded up $0.04 during trading on Tuesday, hitting $27.96. 129,453 shares of the stock were exchanged, compared to its average volume of 4,582,509. The firm has a market capitalization of $5.09 billion, a P/E ratio of -16.39 and a beta of 1.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.55 and a current ratio of 2.55. Nutanix has a 12 month low of $25.50 and a 12 month high of $64.87.

In related news, COO David Sangster sold 7,917 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $35.99, for a total value of $284,932.83. Following the transaction, the chief operating officer now owns 7,917 shares in the company, valued at $284,932.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Mcadam sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $40.00, for a total value of $600,000.00. Following the completion of the transaction, the director now owns 54,024 shares in the company, valued at approximately $2,160,960. The disclosure for this sale can be found here. Insiders sold a total of 35,049 shares of company stock worth $1,385,135 in the last quarter. 14.57% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its holdings in Nutanix by 26.6% in the fourth quarter. Advisory Services Network LLC now owns 1,203 shares of the technology company’s stock worth $50,000 after buying an additional 253 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in Nutanix by 1.9% during the first quarter. Virginia Retirement Systems ET AL now owns 16,000 shares of the technology company’s stock worth $604,000 after purchasing an additional 300 shares during the period. Checchi Capital Advisers LLC boosted its position in Nutanix by 1.3% during the fourth quarter. Checchi Capital Advisers LLC now owns 26,325 shares of the technology company’s stock worth $1,095,000 after purchasing an additional 349 shares during the period. First Republic Investment Management Inc. boosted its position in Nutanix by 4.5% during the first quarter. First Republic Investment Management Inc. now owns 8,182 shares of the technology company’s stock worth $309,000 after purchasing an additional 355 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Nutanix by 6.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,164 shares of the technology company’s stock worth $256,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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