Nutanix (NTNX) to Release Earnings on Tuesday

Nutanix (NASDAQ:NTNX) will be issuing its quarterly earnings data after the market closes on Tuesday, November 26th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Nutanix has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Nutanix had a negative net margin of 5.81% and a negative return on equity of 7.57%. The business had revenue of $547.95 million for the quarter, compared to the consensus estimate of $537.12 million. On average, analysts expect Nutanix to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Nutanix Stock Performance

Shares of NASDAQ NTNX opened at $68.55 on Tuesday. The firm has a market cap of $18.18 billion, a P/E ratio of -131.83, a price-to-earnings-growth ratio of 13.22 and a beta of 1.17. Nutanix has a 1 year low of $39.15 and a 1 year high of $73.69. The firm’s 50 day moving average price is $62.90 and its 200 day moving average price is $59.07.

Insider Buying and Selling

In related news, COO David Sangster sold 11,950 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $59.83, for a total transaction of $714,968.50. Following the sale, the chief operating officer now directly owns 123,868 shares in the company, valued at approximately $7,411,022.44. This trade represents a 8.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rukmini Sivaraman sold 24,316 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total value of $1,430,996.60. Following the completion of the transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NTNX. Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of Nutanix in a report on Thursday, August 29th. Raymond James raised their price target on Nutanix from $76.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Morgan Stanley raised shares of Nutanix from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $71.00 to $72.00 in a research note on Monday, October 28th. Oppenheimer began coverage on shares of Nutanix in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price on the stock. Finally, Bank of America upped their price target on shares of Nutanix from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.86.

About Nutanix

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes Engine for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments, applications, and microservices; and Nutanix Cloud Clusters.