S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Senate parliamentarian OKs most of Dems' drug price controls
Dems' climate, energy, tax bill clears initial Senate hurdle
Senate rules referee weakens Dem drug plan in economic bill
Demand for grocery delivery cools as food costs rise
Venezuela, Colombia border areas hopeful as reopening looms
NASDAQ:NTNX

Nutanix (NTNX) Stock Forecast, Price & News

$16.91
+0.09 (+0.54%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.29
$16.95
50-Day Range
$13.75
$16.91
52-Week Range
$13.44
$44.50
Volume
1.24 million shs
Average Volume
1.72 million shs
Market Capitalization
$3.79 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.45

Nutanix MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
62.4% Upside
$27.45 Price Target
Short Interest
Healthy
3.51% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.09mentions of Nutanix in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.19 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.24) to ($2.07) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Computer And Technology Sector

232nd out of 832 stocks

Prepackaged Software Industry

63rd out of 269 stocks

Nutanix logo

About Nutanix (NASDAQ:NTNX) Stock

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution. It also offers Prism Pro; Nutanix Beam, a cloud governance; and Nutanix Calm, an application marketplace, which provides automation services that streamline application lifecycle management and deliver powerful hybrid cloud orchestration. In addition, the company provides Nutanix Files, an enterprise-grade NFS and SMB files services; Nutanix Objects, a S3-compatible object services; Nutanix Era, a database automation and database-as-a-service solution; and Nutanix Frame, a desktop-as-a-service product to deliver virtual apps or desktops to users from multiple public cloud environments and/or an enterprises private cloud datacenter. Further, it offers products support, and consulting and implementation services. It serves customers in a range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology, and telecommunications, as well as service providers. The company was incorporated in 2009 and is headquartered in San Jose, California.

Nutanix Stock Up 0.5 %

Shares of NASDAQ:NTNX traded up $0.09 on Friday, reaching $16.91. 1,242,191 shares of the company's stock were exchanged, compared to its average volume of 1,715,805. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of -3.63 and a beta of 1.44. Nutanix has a fifty-two week low of $13.44 and a fifty-two week high of $44.50. The business's 50-day moving average is $15.13 and its two-hundred day moving average is $21.64.

Nutanix (NASDAQ:NTNX - Get Rating) last issued its earnings results on Wednesday, May 25th. The technology company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.65) by $0.23. The business had revenue of $403.70 million for the quarter, compared to analyst estimates of $397.90 million. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company posted ($0.87) earnings per share. Analysts predict that Nutanix will post -2.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NTNX. Needham & Company LLC decreased their target price on shares of Nutanix from $34.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, May 26th. Susquehanna Bancshares decreased their target price on shares of Nutanix to $25.00 in a research note on Thursday, May 26th. William Blair downgraded shares of Nutanix from an "outperform" rating to a "market perform" rating in a research note on Thursday, May 26th. Bank of America downgraded shares of Nutanix from a "buy" rating to a "neutral" rating and decreased their target price for the company from $54.00 to $22.00 in a research note on Thursday, May 26th. Finally, Royal Bank of Canada decreased their target price on shares of Nutanix from $45.00 to $21.00 in a research note on Thursday, May 26th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Nutanix currently has a consensus rating of "Moderate Buy" and an average price target of $27.45.

Insiders Place Their Bets

In other Nutanix news, CEO Rajiv Ramaswami sold 50,134 shares of the stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $13.97, for a total transaction of $700,371.98. Following the sale, the chief executive officer now directly owns 223,392 shares of the company's stock, valued at $3,120,786.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO David Sangster sold 17,285 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $13.97, for a total value of $241,471.45. Following the sale, the chief operating officer now owns 177,078 shares of the company's stock, valued at approximately $2,473,779.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Rajiv Ramaswami sold 50,134 shares of the stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $13.97, for a total transaction of $700,371.98. Following the completion of the sale, the chief executive officer now directly owns 223,392 shares in the company, valued at approximately $3,120,786.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,196 shares of company stock valued at $1,193,438. Company insiders own 0.92% of the company's stock.

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NTNX Stock News Headlines

Nutanix Updates Outlook for 4Q, FY22 - MarketWatch
Nutanix Names Andrew Brinded as Chief Revenue Officer
Nutanix Inc. Cl A
See More Headlines

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NTNX Company Calendar

Last Earnings
5/25/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/31/2022
Fiscal Year End
7/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:NTNX
Employees
6,080
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$27.45
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+62.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$-1,034,260,000.00
Pretax Margin
-62.24%

Debt

Sales & Book Value

Annual Sales
$1.39 billion
Book Value
($4.72) per share

Miscellaneous

Free Float
222,230,000
Market Cap
$3.79 billion
Optionable
Optionable
Beta
1.44














NTNX Stock - Frequently Asked Questions

Should I buy or sell Nutanix stock right now?

11 Wall Street 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 research analysts is that investors should "buy" Nutanix stock.
View analyst ratings for Nutanix
or view top-rated stocks.

What is Nutanix's stock price forecast for 2022?

11 analysts have issued 1-year price targets for Nutanix's stock. Their NTNX stock forecasts range from $18.00 to $58.00. On average, they expect Nutanix's share price to reach $27.45 in the next twelve months. This suggests a possible upside of 62.4% from the stock's current price.
View analysts' price targets for Nutanix
or view top-rated stocks among Wall Street analysts.

How has Nutanix's stock price performed in 2022?

Nutanix's stock was trading at $31.86 at the start of the year. Since then, NTNX stock has decreased by 46.9% and is now trading at $16.91.
View the best growth stocks for 2022 here
.

When is Nutanix's next earnings date?

Nutanix is scheduled to release its next quarterly earnings announcement on Wednesday, August 31st 2022.
View our earnings forecast for Nutanix
.

How can I listen to Nutanix's earnings call?

Nutanix will be holding an earnings conference call on Wednesday, August 31st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 646-904-5544 with passcode "587980".

How were Nutanix's earnings last quarter?

Nutanix, Inc. (NASDAQ:NTNX) posted its quarterly earnings data on Wednesday, May, 25th. The technology company reported ($0.42) earnings per share for the quarter, beating analysts' consensus estimates of ($0.65) by $0.23. The technology company had revenue of $403.70 million for the quarter, compared to analysts' expectations of $397.90 million. Nutanix's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.87) EPS.

What guidance has Nutanix issued on next quarter's earnings?

Nutanix issued an update on its fourth quarter 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $360.00M-, compared to the consensus revenue estimate of $350.40 million.

What is Rajiv Ramaswami's approval rating as Nutanix's CEO?

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

What other stocks do shareholders of Nutanix own?

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).

When did Nutanix IPO?

(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.

What is Nutanix's stock symbol?

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

Who are Nutanix's major shareholders?

Nutanix's stock is owned by many different institutional and retail investors. Top institutional investors include Connor Clark & Lunn Investment Management Ltd. (0.33%), BW Gestao de Investimentos Ltda. (0.22%), Russell Investments Group Ltd. (0.11%), Wolverine Asset Management LLC (0.00%), State Board of Administration of Florida Retirement System (0.11%) and Chartwell Investment Partners LLC (0.07%). Company insiders that own Nutanix 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.
View institutional ownership trends for Nutanix
.

How do I buy shares of Nutanix?

Shares of NTNX 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.
Compare Top Brokerages Here.

What is Nutanix's stock price today?

One share of NTNX stock can currently be purchased for approximately $16.91.

How much money does Nutanix make?

Nutanix (NASDAQ:NTNX) has a market capitalization of $3.79 billion and generates $1.39 billion in revenue each year. The technology company earns $-1,034,260,000.00 in net income (profit) each year or ($4.66) on an earnings per share basis.

How many employees does Nutanix have?

Nutanix employs 6,080 workers across the globe.

How can I contact Nutanix?

Nutanix's mailing address is 1740 TECHNOLOGY DRIVE SUITE 150, SAN JOSE CA, 95110. The official website for Nutanix 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.

This page (NASDAQ:NTNX) was last updated on 8/7/2022 by MarketBeat.com Staff

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