NASDAQ:NTNXNutanix Stock Price, Forecast & News

Nutanix's stock was trading at $15.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NTNX shares have increased by 49.7% and is now trading at $23.72. 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) announced its quarterly earnings data on Wednesday, May, 27th. The technology company reported ($0.69) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.86) by $0.17. The technology company had revenue of $318.30 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.56) earnings per share. 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 equities research analysts have issued 12-month target prices for Nutanix's shares. Their forecasts range from $15.00 to $52.00. On average, they anticipate Nutanix's share price to reach $32.25 in the next year. This suggests a possible upside of 36.0% from the stock's current price. View analysts' price targets for Nutanix.

News coverage about NTNX stock has trended positive recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Nutanix earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Nutanix.

Some companies that are related to Nutanix include Check Point Software Technologies (CHKP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Tableau Software (DATA), SS&C Technologies (SSNC), Tyler Technologies (TYL), Mongodb (MDB), Symantec (SYMC), Ceridian HCM (CDAY), Nice (NICE), Dynatrace (DT), Alteryx (AYX), NortonLifeLock (NLOK), Cloudflare (NET), Temenos (TMNSF) and Avalara (AVLR). 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 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 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 number of institutional and retail investors. Top institutional investors 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 acquired 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 $23.72.

Nutanix has a market capitalization of $4.62 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]