Nutanix - NTNX Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NTNX shares.
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10 brokerages have issued 1 year price objectives for Nutanix's shares. Their NTNX share price forecasts range from $21.00 to $35.00. On average, they anticipate the company's share price to reach $31.58 in the next twelve months. This suggests a possible upside of 12.9% 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 increased by 7.4% and is now trading at $27.98.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
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Nutanix, Inc. (NASDAQ:NTNX) posted its quarterly earnings data on Wednesday, November, 30th. The technology company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.19. The technology company had revenue of $433.61 million for the quarter, compared to analyst estimates of $413.06 million.

Nutanix issued an update on its second quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $460.00 million-$470.00 million, compared to the consensus revenue estimate of $450.70 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 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 many different institutional and retail investors. Top institutional investors include Redwood Investments LLC (0.20%), Peregrine Capital Management LLC (0.17%), Arkadios Wealth Advisors (0.05%), Alpha DNA Investment Management LLC (0.02%), Acorn Financial Advisory Services Inc. ADV (0.02%) and Xponance Inc. (0.01%). 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 $27.98.

Nutanix (NASDAQ:NTNX) has a market capitalization of $6.44 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.