Nutanix (NTNX) Set to Announce Earnings on Tuesday

Nutanix (NASDAQ:NTNX) will be posting its quarterly earnings results after the market closes on Tuesday, November 26th. Analysts expect Nutanix to post 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.Persons that are interested in participating in the company’s earnings 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, topping the consensus estimate of ($0.08) by $0.02. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. The firm had revenue of $547.95 million for the quarter, compared to analysts’ expectations 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 Price Performance

NTNX stock opened at $73.18 on Monday. The firm has a fifty day moving average price of $63.90 and a two-hundred day moving average price of $59.28. Nutanix has a 1-year low of $40.33 and a 1-year high of $73.69. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of -140.73, a PEG ratio of 11.74 and a beta of 1.17.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley raised Nutanix from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $71.00 to $72.00 in a report on Monday, October 28th. Oppenheimer began coverage on Nutanix in a research note on Wednesday, November 13th. They set an “outperform” rating and a $80.00 target price on the stock. Barclays increased their price target on Nutanix from $71.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research note on Thursday, August 29th. Finally, Royal Bank of Canada increased their target price on shares of Nutanix from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Three research 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 a consensus price target of $73.86.

Insider Activity at Nutanix

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

Nutanix Company Profile

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.