Nutanix - NTNX Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" NTNX shares.
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11 Wall Street analysts have issued 12 month target prices for Nutanix's stock. Their NTNX share price forecasts range from $20.00 to $39.00. On average, they predict the company's stock price to reach $26.92 in the next twelve months. This suggests a possible upside of 30.9% from the stock's current price.
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Nutanix's stock was trading at $31.86 at the beginning of 2022. Since then, NTNX shares have decreased by 35.5% and is now trading at $20.56.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Nutanix, Inc. (NASDAQ:NTNX) announced its earnings results on Wednesday, August, 31st. The technology company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.21. The technology company had revenue of $385.50 million for the quarter, compared to the consensus estimate of $356.14 million. Nutanix's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.68) EPS.

Nutanix issued an update on its first quarter 2023 earnings guidance on Wednesday, September, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $410.00 million-$415.00 million, compared to the consensus revenue estimate of $372.63 million.

3 employees have rated Nutanix Chief Executive Officer Rajiv Ramaswami on Glassdoor.com. Rajiv Ramaswami has an approval rating of 100% among the company's employees. This puts Rajiv Ramaswami in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Nutanix investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Block (SQ), Twilio (TWLO), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Salesforce (CRM) and PayPal (PYPL).

(NTNX) raised $168 million in an IPO on Friday, September 30th 2016. The company issued 14,000,000 shares at a price of $11.00-$13.00 per share. Goldman Sachs, Morgan Stanley, J.P. Morgan and RBC Capital Markets served as the underwriters for the IPO and Baird, Needham & Company, Oppenheimer, Pacific Crest Securities (a division of KeyBanc Capital Markets), Piper Jaffray, Raymond James, Stifel and William Blair were co-managers.

Nutanix trades on the NASDAQ under the ticker symbol "NTNX."

Nutanix's stock is owned by a number of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (2.73%), Parsifal Capital Management LP (1.64%), State Street Corp (1.49%), Crosslink Capital Inc. (0.90%), Woodline Partners LP (0.81%) and Northern Trust Corp (0.45%). Insiders that own company stock include Aaron Boynton, Christopher Nicholas Kaddaras, David Sangster, Dheeraj Pandey, Duston Williams, Martin F Jackson, Rajiv Ramaswami, Ravi Mhatre, Rukmini Sivaraman, Susan L Bostrom, Tarkan Maner and Tyler Wall.
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Shares of NTNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NTNX stock can currently be purchased for approximately $20.56.

Nutanix (NASDAQ:NTNX) has a market capitalization of $4.61 billion and generates $1.58 billion in revenue each year. The technology company earns $-797,540,000.00 in net income (profit) each year or ($3.65) on an earnings per share basis.

The company employs 6,450 workers across the globe.

Nutanix's mailing address is 1740 TECHNOLOGY DRIVE SUITE 150, SAN JOSE CA, 95110. The official website for the company is www.nutanix.com. The technology company can be reached via phone at (408) 216-8360, via email at ir@nutanix.com, or via fax at 408-916-4039.