NASDAQ:NTNXNutanix Stock Price, Forecast & News

Nutanix's stock was trading at $15.85 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NTNX shares have increased by 47.3% and is now trading at $23.34. View which stocks have been most impacted by Coronavirus.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last year. There are currently 1 sell rating, 6 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Nutanix.

Nutanix is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020. View our earnings forecast for Nutanix.

Nutanix Inc (NASDAQ:NTNX) posted its quarterly earnings data on Wednesday, May, 27th. The technology company reported ($0.69) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.86) by $0.17. The technology company earned $318.30 million during the quarter, compared to the consensus estimate of $314.53 million. Nutanix had a negative return on equity of 1,175,319.00% and a negative net margin of 68.91%. Nutanix's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.56) EPS. View Nutanix's earnings history.

Nutanix updated its third quarter 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $312-317 million, compared to the consensus revenue estimate of $307.41 million.

18 brokers have issued 12-month price objectives for Nutanix's shares. Their forecasts range from $15.00 to $52.00. On average, they expect Nutanix's stock price to reach $32.25 in the next year. This suggests a possible upside of 38.2% from the stock's current price. View analysts' price targets for Nutanix.

Press coverage about NTNX stock has trended very negative this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nutanix earned a daily sentiment score of -3.8 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news about Nutanix.

Some companies that are related to Nutanix include Paycom Software (PAYC), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Check Point Software Technologies (CHKP), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Dynatrace (DT), Cloudflare (NET), Nice (NICE), Ceridian HCM (CDAY), NortonLifeLock (NLOK), Alteryx (AYX) and Temenos (TMNSF). View all competitors.

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

(NTNX) raised $168 million in an initial public offering (IPO) on Friday, September 30th 2016. The company issued 14,000,000 shares at $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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.11%), Diversified Trust Co (0.01%) and Arden Trust Co (0.01%). Company insiders that own Nutanix stock include Aaron Boynton, David Sangster, Dheeraj Pandey, Duston Williams, Jeffrey T Parks, John Mcadam, Louis J Attanasio, Ravi Mhatre and Tyler Wall. View institutional ownership trends for Nutanix.

NTNX stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Arden Trust Co. Company insiders that have sold Nutanix company stock in the last year include Aaron Boynton, David Sangster, Dheeraj Pandey, Duston Williams, Ravi Mhatre, and Tyler Wall. View insider buying and selling activity for Nutanix.

NTNX stock was purchased by a variety of institutional investors in the last quarter, including Diversified Trust Co. View insider buying and selling activity for Nutanix.

Shares of NTNX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of NTNX stock can currently be purchased for approximately $23.34.

Nutanix has a market capitalization of $4.54 billion and generates $1.24 billion in revenue each year. The technology company earns $-621,180,000.00 in net income (profit) each year or ($3.18) on an earnings per share basis. Nutanix employs 5,340 workers across the globe.

The official website for Nutanix is www.nutanix.com.

Nutanix's mailing address is 1740 TECHNOLOGY DRIVE SUITE 150, SAN JOSE CA, 95110. The technology company can be reached via phone at 408-216-8360 or via email at [email protected]