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.
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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