Nutanix (NTNX) Set to Announce Earnings on Tuesday

Nutanix (NASDAQ:NTNX) will issue its quarterly earnings data 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Nutanix Trading Up 3.2 %

Shares of Nutanix stock opened at $73.18 on Friday. Nutanix has a 52 week low of $40.33 and a 52 week high of $73.69. The company’s 50-day moving average price is $63.90 and its two-hundred day moving average price is $59.33. The stock has a market cap of $19.41 billion, a PE ratio of -140.73, a price-to-earnings-growth ratio of 11.74 and a beta of 1.17.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Nutanix from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Northland Securities upped their price target on Nutanix from $71.00 to $74.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Morgan Stanley upgraded Nutanix from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $71.00 to $72.00 in a research report on Monday, October 28th. Royal Bank of Canada increased their price target on shares of Nutanix from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Nutanix in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.86.

Insider Buying and Selling

In related news, COO David Sangster sold 11,950 shares of the 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. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rukmini Sivaraman sold 24,316 shares of the firm’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 transaction, the chief financial officer now owns 192,169 shares of the company’s stock, valued at approximately $11,309,145.65. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.

About Nutanix

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.