Media coverage about Nutanix (NASDAQ:NTNX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nutanix earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.95425653571 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Technicals in Focus: Nutanix Inc (NASDAQ: NTNX) – Alpha Beta Stock (alphabetastock.com)
- Nutanix (NTNX) PT Set at $37.00 by Raymond James Financial (americanbankingnews.com)
- Recent Insiders Bustle: Viacom, Inc. (VIAB), Nutanix, Inc. (NTNX) – Market Movers (financialqz.com)
- Do technicals still doubt? First Horizon National Corporation (FHN), Nutanix, Inc. (NTNX) – Market Movers (financialqz.com)
- Wells Fargo On Nutanix’s Earnings: Bullish Thesis Playing Out – Benzinga (benzinga.com)
A number of analysts have weighed in on the stock. Oppenheimer increased their price target on shares of Nutanix to $40.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Robert W. Baird reissued a “buy” rating and issued a $28.00 price target on shares of Nutanix in a report on Friday, September 1st. Susquehanna Bancshares reissued a “neutral” rating and issued a $21.00 price target (up from $19.00) on shares of Nutanix in a report on Sunday, September 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price target (up from $34.00) on shares of Nutanix in a report on Friday, November 24th. Finally, JMP Securities reissued an “outperform” rating and issued a $35.00 price target on shares of Nutanix in a report on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $34.71.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 22.31% and a negative return on equity of 113.75%. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.37) EPS. research analysts anticipate that Nutanix will post -1.98 earnings per share for the current fiscal year.
In other news, President Sudheesh Nair Vadakkedath sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.07, for a total transaction of $1,703,500.00. Following the completion of the transaction, the president now directly owns 228,330 shares of the company’s stock, valued at approximately $7,779,203.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kenneth W. Long III sold 30,000 shares of Nutanix stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $29.11, for a total transaction of $873,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,791,869 shares of company stock valued at $50,409,588 over the last ninety days. 19.81% of the stock is owned by insiders.
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Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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