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NASDAQ:NTNX

Nutanix (NTNX) Stock Price, News & Analysis

Nutanix logo
$71.09 -0.62 (-0.86%)
(As of 11/14/2024 ET)

About Nutanix Stock (NASDAQ:NTNX)

Key Stats

Today's Range
$70.81
$71.97
50-Day Range
$56.46
$72.24
52-Week Range
$38.60
$73.69
Volume
2.22 million shs
Average Volume
2.49 million shs
Market Capitalization
$18.85 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$73.86
Consensus Rating
Moderate Buy

Company Overview

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. It also provides Nutanix Cloud Management that provides management, capacity planning, operational analytics, automated remediation, self-service, and one-click administration; cloud governance; and automation services that streamline application lifecycle management, provide self-service for infrastructure and applications, and deliver multicloud orchestration. In addition, the company offers Nutanix Files, an enterprise-grade network file system and server message block files services; Nutanix Objects, a S3-compatible object services; Nutanix Data Lens, a data security governance solution; and Nutanix database service that provides automated database management to simplify database administration and to manage database copies. Further, it provides product support, and consulting and implementation services. The company 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. Nutanix, Inc. was incorporated in 2009 and is headquartered in San Jose, California.

Nutanix Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

NTNX MarketRank™: 

Nutanix scored higher than 90% of companies evaluated by MarketBeat, and ranked 112th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Nutanix has received a consensus rating of Moderate Buy. The company's average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Nutanix has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Nutanix's stock forecast and price target.
  • Earnings Growth

    Earnings for Nutanix are expected to grow by 148.15% in the coming year, from $0.27 to $0.67 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Nutanix is -136.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Nutanix is -136.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    Nutanix has a PEG Ratio of 14.64. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about Nutanix's valuation and earnings.
  • Percentage of Shares Shorted

    1.75% of the outstanding shares of Nutanix have been sold short.
  • Short Interest Ratio / Days to Cover

    Nutanix has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Nutanix has recently decreased by 11.93%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Nutanix does not currently pay a dividend.

  • Dividend Growth

    Nutanix does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.75% of the outstanding shares of Nutanix have been sold short.
  • Short Interest Ratio / Days to Cover

    Nutanix has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Nutanix has recently decreased by 11.93%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Nutanix has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Nutanix this week, compared to 8 articles on an average week.
  • Search Interest

    Only 8 people have searched for NTNX on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
  • MarketBeat Follows

    Only 9 people have added Nutanix to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Nutanix insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,145,965.00 in company stock.

  • Percentage Held by Insiders

    Only 6.80% of the stock of Nutanix is held by insiders.

  • Percentage Held by Institutions

    85.25% of the stock of Nutanix is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Nutanix's insider trading history.
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NTNX Stock News Headlines

Nutanix initiated with bullish views at Oppenheimer
Election warning coming true…
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Nutanix initiated with an Outperform at Oppenheimer
Nutanix Extends AI Platform to Public Cloud
Nutanix expands partnership with Amazon Web Services
See More Headlines

NTNX Stock Analysis - Frequently Asked Questions

Nutanix's stock was trading at $47.69 at the start of the year. Since then, NTNX stock has increased by 49.1% and is now trading at $71.09.
View the best growth stocks for 2024 here
.

Nutanix, Inc. (NASDAQ:NTNX) released its quarterly earnings results on Wednesday, August, 28th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The technology company had revenue of $547.95 million for the quarter, compared to analyst estimates of $537.12 million. Nutanix had a negative trailing twelve-month return on equity of 7.57% and a negative net margin of 5.81%.

Nutanix (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 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.

Top institutional shareholders of Nutanix include Bain Capital Investors LLC (6.35%), Champlain Investment Partners LLC (2.26%), Primecap Management Co. CA (1.53%) and Charles Schwab Investment Management Inc. (0.53%). Insiders that own company stock include Rajiv Ramaswami, Rukmini Sivaraman, David Sangster, Aaron Boynton, Craig Conway, Tyler Wall, Steven J Gomo and Duston Williams.
View institutional ownership trends
.

Shares of NTNX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Nutanix investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Arista Networks (ANET), Advanced Micro Devices (AMD) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
8/28/2024
Today
11/14/2024
Next Earnings (Confirmed)
11/26/2024
Fiscal Year End
7/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:NTNX
Employees
7,150
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$73.86
High Stock Price Target
$85.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$-124,780,000.00
Pretax Margin
-4.72%

Debt

Sales & Book Value

Annual Sales
$2.15 billion
Cash Flow
$0.61 per share
Book Value
($2.75) per share

Miscellaneous

Free Float
247,180,000
Market Cap
$18.85 billion
Optionable
Optionable
Beta
1.17

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This page (NASDAQ:NTNX) was last updated on 11/14/2024 by MarketBeat.com Staff
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