Nutanix - NTNX Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NTNX shares.
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11 brokerages have issued 12-month target prices for Nutanix's stock. Their NTNX share price forecasts range from $21.00 to $35.00. On average, they expect the company's stock price to reach $31.92 in the next twelve months. This suggests a possible upside of 28.1% from the stock's current price.
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Nutanix's stock was trading at $26.05 on January 1st, 2023. Since then, NTNX shares have decreased by 4.3% and is now trading at $24.92.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 23rd 2023.
View our NTNX earnings forecast.

Nutanix, Inc. (NASDAQ:NTNX) posted its earnings results on Tuesday, November, 23rd. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.12. The technology company had revenue of $378.50 million for the quarter, compared to analyst estimates of $367.83 million. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.88) earnings per share.

ETFs with the largest weight of Nutanix (NASDAQ:NTNX) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), First Trust Cloud Computing ETF (SKYY), Invesco Dynamic Software ETF (PSJ), ProShares Ultra Cloud Computing (SKYU), iShares Future Cloud 5G and Tech ETF (IDAT), Fidelity Cloud Computing ETF (FCLD), Wedbush ETFMG Global Cloud Technology ETF (IVES) and First Trust Technology AlphaDEX Fund (FXL).

Nutanix updated its third quarter 2023 earnings guidance on Monday, March, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $430.00 million-$440.00 million, compared to the consensus revenue estimate of $425.38 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 initial public offering (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 acted 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 variety of institutional and retail investors. Top institutional investors include Generation Investment Management LLP (9.60%), First Trust Advisors LP (2.62%), Geode Capital Management LLC (1.41%), Spyglass Capital Management LLC (1.08%), Norges Bank (1.04%) and Charles Schwab Investment Management Inc. (0.84%). Insiders that own company stock include Aaron Boynton, Christopher Nicholas Kaddaras, Craig Conway, David Sangster, Dheeraj Pandey, Duston Williams, Martin F Jackson, Rajiv Ramaswami, 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 $24.92.

Nutanix (NASDAQ:NTNX) has a market capitalization of $5.73 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 ($2.13) 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.