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NASDAQ:NTNX

Nutanix - NTNX Stock Forecast, Price & News

$18.49
-0.42 (-2.22%)
(As of 08/19/2022 09:40 AM ET)
Add
Compare
Today's Range
$18.42
$18.70
50-Day Range
$13.75
$18.91
52-Week Range
$13.44
$44.50
Volume
4,041 shs
Average Volume
1.65 million shs
Market Capitalization
$4.15 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
45.2% Upside
$27.45 Price Target
Short Interest
Healthy
3.69% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.96
Upright™ Environmental Score
News Sentiment
0.36mentions of Nutanix in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.19 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.25) 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.

2.52 out of 5 stars

Computer And Technology Sector

223rd out of 660 stocks

Prepackaged Software Industry

72nd out of 230 stocks

NTNX stock 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.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company reduced their price target on Nutanix to $20.00 in a research report on Thursday, May 26th. Piper Sandler reduced their price target on Nutanix from $28.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 13th. Needham & Company LLC cut their target price on Nutanix from $34.00 to $20.00 and set a "buy" rating on the stock in a research report on Thursday, May 26th. Morgan Stanley cut their target price on Nutanix from $31.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 26th. Finally, JMP Securities cut their target price on Nutanix from $48.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.45.

Nutanix Price Performance

Shares of NTNX Stock traded up $1.25 on Thursday, hitting $18.91. 3,401,858 shares of the stock traded hands, compared to its average volume of 2,124,991. The company has a market capitalization of $4.24 billion, a PE ratio of -4.06 and a beta of 1.44. Nutanix has a 1-year low of $13.44 and a 1-year high of $44.50. The company's fifty day moving average is $15.41 and its 200 day moving average is $21.13.

Nutanix (NASDAQ:NTNX - Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The technology company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.23. The firm had revenue of $403.70 million for the quarter, compared to analyst estimates of $397.90 million. The business's revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.87) earnings per share. As a group, equities research analysts expect that Nutanix will post -2.25 EPS for the current year.

Insider Buying and Selling

In related news, CAO Aaron Boynton sold 2,886 shares of the company's stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the transaction, the chief accounting officer now directly owns 37,803 shares in the company, valued at approximately $528,107.91. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Aaron Boynton sold 2,886 shares of the company's stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the transaction, the chief accounting officer now directly owns 37,803 shares in the company, valued at approximately $528,107.91. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Rajiv Ramaswami sold 5,000 shares of the company's stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $14.62, for a total value of $73,100.00. Following the transaction, the chief executive officer now owns 218,392 shares of the company's stock, valued at $3,192,891.04. The disclosure for this sale can be found here. Insiders sold a total of 85,196 shares of company stock worth $1,193,438 in the last three months. 0.92% of the stock is owned by insiders.

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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
8/19/2022
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
+48.5%
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
$4.15 billion
Optionable
Optionable
Beta
1.44

Key Executives

  • Dr. Rajiv Ramaswami Ph.D. (Age 56)
    Pres, CEO & Director
    Comp: $1.72M
  • Mr. David  SangsterMr. David Sangster (Age 58)
    Chief Operating Officer
    Comp: $1.08M
  • Mr. Tyler  WallMr. Tyler Wall (Age 56)
    Chief Legal Officer
    Comp: $855.29k
  • Mr. Ajeet Singh
    Co-Founder & Advisor
  • Ms. Rukmini  SivaramanMs. Rukmini Sivaraman
    Chief Financial Officer
  • Mr. Aaron  BoyntonMr. Aaron Boynton (Age 42)
    Chief Accounting Officer
  • Ms. Wendy M. Pfeiffer (Age 55)
    Chief Information Officer
  • Ms. Tonya Chin
    VP of Corp. Communications & IR
  • Ms. Mandy Dhaliwal
    Chief Marketing Officer
  • Ms. Anja Hamilton (Age 51)
    Chief People Officer













NTNX Stock - Frequently Asked Questions

Should I buy or sell Nutanix stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nutanix in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NTNX shares.
View NTNX analyst ratings
or view top-rated stocks.

What is Nutanix's stock price forecast for 2022?

11 equities research analysts have issued 1-year price objectives for Nutanix's stock. Their NTNX share price forecasts range from $18.00 to $58.00. On average, they predict the company's stock price to reach $27.45 in the next year. This suggests a possible upside of 45.2% from the stock's current price.
View analysts price targets for NTNX
or view top-rated stocks among Wall Street analysts.

How have NTNX shares performed in 2022?

Nutanix's stock was trading at $31.86 at the start of the year. Since then, NTNX stock has decreased by 40.6% and is now trading at $18.91.
View the best growth stocks for 2022 here
.

When is Nutanix's next earnings date?

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

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) released its quarterly earnings results on Wednesday, May, 25th. The technology company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.23. The technology company earned $403.70 million during the quarter, compared to analysts' expectations of $397.90 million. The company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous 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, 9th. The company provided earnings per share (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 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.

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 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 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 a variety of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (2.73%), Parsifal Capital Management LP (1.64%), State Street Corp (1.49%), Crosslink Capital Inc. (0.90%), Woodline Partners LP (0.81%) and Northern Trust Corp (0.45%). Insiders that own company 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
.

How do I buy shares of Nutanix?

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.
Compare Top Brokerages Here.

What is Nutanix's stock price today?

One share of NTNX stock can currently be purchased for approximately $18.91.

How much money does Nutanix make?

Nutanix (NASDAQ:NTNX) has a market capitalization of $4.24 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?

The company 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 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.

This page (NASDAQ:NTNX) was last updated on 8/19/2022 by MarketBeat.com Staff

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