Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nutanix (NTNX) Share Price
News articles about Nutanix (NASDAQ:NTNX) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nutanix earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.1820675695626 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- William Blair Weighs in on Nutanix Inc.’s FY2020 Earnings (NTNX) (americanbankingnews.com)
- Nutanix: Get Set for 20 Points of Margin Expansion, Says FBN (finance.yahoo.com)
- Bordering on Key Levels: GGP Inc. (GGP), Nutanix, Inc. (NTNX) – Market Movers (financialqz.com)
- Nutanix (NTNX) Given “Buy” Rating at Maxim Group (americanbankingnews.com)
- Dheeraj Pandey Sells 33,100 Shares of Nutanix Inc. (NTNX) Stock (americanbankingnews.com)
Shares of Nutanix (NASDAQ:NTNX) traded up $1.09 during midday trading on Tuesday, hitting $35.93. The company’s stock had a trading volume of 2,183,165 shares, compared to its average volume of 3,207,217. The company has a market capitalization of $5,589.17, a PE ratio of -14.85 and a beta of 8.93. Nutanix has a 12 month low of $14.38 and a 12 month high of $38.28.
Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.10. The company had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The business’s revenue was up 46.1% on a year-over-year basis. During the same period last year, the business earned ($0.37) earnings per share. analysts predict that Nutanix will post -1.73 earnings per share for the current fiscal year.
Several brokerages have commented on NTNX. Oppenheimer increased their price target on Nutanix to $40.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Robert W. Baird restated a “buy” rating and issued a $28.00 price objective on shares of Nutanix in a research note on Friday, September 1st. Susquehanna Bancshares restated a “neutral” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Nutanix in a research note on Sunday, September 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of Nutanix in a research note on Friday, November 24th. Finally, JMP Securities restated an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Nutanix presently has a consensus rating of “Buy” and a consensus target price of $34.74.
In related news, CEO Dheeraj Pandey sold 71,400 shares of Nutanix stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $35.33, for a total value of $2,522,562.00. Following the completion of the transaction, the chief executive officer now directly owns 288,612 shares of the company’s stock, valued at $10,196,661.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.87, for a total value of $268,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,296,670 shares of company stock valued at $71,200,559. Company insiders own 19.81% of the company’s stock.
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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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