Nutanix (NASDAQ:NTNX) Updates Q1 2020 Earnings Guidance

Nutanix (NASDAQ:NTNX) issued an update on its first quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-0.75–0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.57. The company issued revenue guidance of $290-300 million, compared to the consensus revenue estimate of $313.33 million.

NASDAQ NTNX traded up $0.48 during trading on Wednesday, reaching $19.60. 4,556,856 shares of the company’s stock were exchanged, compared to its average volume of 3,897,448. The business has a 50 day moving average price of $21.91 and a 200-day moving average price of $33.39. The stock has a market capitalization of $3.75 billion, a P/E ratio of -11.60 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.41 and a quick ratio of 2.41. Nutanix has a fifty-two week low of $17.74 and a fifty-two week high of $63.38.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, May 30th. The technology company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by ($0.12). The business had revenue of $287.60 million for the quarter, compared to analyst estimates of $297.20 million. Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. Nutanix’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. On average, analysts forecast that Nutanix will post -3.28 earnings per share for the current year.

NTNX has been the topic of several research reports. William Blair reaffirmed an outperform rating on shares of Nutanix in a research report on Monday, May 13th. BTIG Research decreased their target price on Nutanix to $40.00 and set a buy rating on the stock in a research report on Friday, May 31st. Zacks Investment Research downgraded Nutanix from a buy rating to a hold rating in a research report on Tuesday, May 21st. Maxim Group set a $48.00 target price on Nutanix and gave the company a buy rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus set a $22.00 target price on Nutanix and gave the company a hold rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $39.40.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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Earnings History and Estimates for Nutanix (NASDAQ:NTNX)

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