Nutanix (NTNX) to Release Quarterly Earnings on Tuesday

Nutanix (NASDAQ:NTNX - Get Free Report) will announce its earnings results 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.Parties interested in participating in the company's conference call can do so using this link.

Nutanix (NASDAQ:NTNX - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $547.95 million during the quarter, compared to analysts' expectations of $537.12 million. Nutanix had a negative return on equity of 7.57% and a negative net margin of 5.81%. On average, analysts expect Nutanix to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Nutanix Stock Down 0.2 %

Shares of Nutanix stock traded down $0.11 on Tuesday, reaching $68.44. The company's stock had a trading volume of 1,756,236 shares, compared to its average volume of 2,481,020. Nutanix has a 52-week low of $39.15 and a 52-week high of $73.69. The company has a market capitalization of $18.15 billion, a P/E ratio of -131.83, a PEG ratio of 13.22 and a beta of 1.17. The stock has a 50-day moving average price of $63.06 and a 200-day moving average price of $59.12.

Insider Transactions at Nutanix

In other Nutanix news, CFO Rukmini Sivaraman sold 24,316 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $58.85, for a total transaction of $1,430,996.60. Following the sale, the chief financial officer now owns 192,169 shares in the company, valued at $11,309,145.65. This represents a 11.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO David Sangster sold 11,950 shares of Nutanix stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $59.83, for a total value of $714,968.50. Following the completion of the transaction, the chief operating officer now owns 123,868 shares of the company's stock, valued at $7,411,022.44. The trade was a 8.80 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

NTNX has been the topic of several research reports. Morgan Stanley raised shares of Nutanix from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $71.00 to $72.00 in a research note on Monday, October 28th. Needham & Company LLC restated a "buy" rating and set a $80.00 target price on shares of Nutanix in a report on Thursday, August 29th. Bank of America upped their price target on Nutanix from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Raymond James lifted their price objective on Nutanix from $76.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Finally, Barclays upped their target price on Nutanix from $71.00 to $75.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.86.

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.