Nutanix (NASDAQ:NTNX) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.75) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.56). Nutanix also updated its Q1 2020 guidance to $-0.75–0.75 EPS.
Shares of NASDAQ NTNX traded up $5.80 during mid-day trading on Thursday, hitting $25.40. 699,280 shares of the stock traded hands, compared to its average volume of 3,741,648. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.41 and a current ratio of 2.41. Nutanix has a 52 week low of $17.74 and a 52 week high of $63.38. The company has a market cap of $3.65 billion, a price-to-earnings ratio of -15.27 and a beta of 1.35. The stock has a fifty day moving average price of $21.91 and a 200-day moving average price of $33.39.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.57) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.64) by $0.07. Nutanix had a negative return on equity of 127.35% and a negative net margin of 41.47%. The company had revenue of $299.90 million for the quarter, compared to analyst estimates of $293.49 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Nutanix will post -3.28 EPS for the current fiscal year.
Several equities research analysts recently weighed in on NTNX shares. Jefferies Financial Group dropped their price target on Nutanix from $49.00 to $40.00 and set a buy rating on the stock in a research report on Friday, May 31st. William Blair restated an outperform rating on shares of Nutanix in a research report on Monday, May 13th. Royal Bank of Canada dropped their target price on Nutanix from $39.00 to $32.00 and set an outperform rating on the stock in a report on Wednesday. Needham & Company LLC set a $46.00 target price on Nutanix and gave the stock a buy rating in a report on Thursday, August 22nd. Finally, KeyCorp dropped their target price on Nutanix from $48.00 to $40.00 and set an overweight rating on the stock in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $38.38.
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.
Further Reading: Earnings Per Share
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