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Nutanix, Inc.

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$NTNX Nutanix $25 price target Nutanix Inc. shares were up more than 5% in after-hours trading Tuesday after the company topped expectations with its preliminary results for the fiscal third quarter that ended in April. The company expects fiscal third-quarter revenue of $312 million to $317 million, up from $288 million in the year-earlier quarter. Analysts surveyed by FactSet were modeling $306 million. Nutanix also expects total revenue, software and support (TCV) revenue of $307 million to $312 million and TCV bookings of $371 million to $376 million. "While we have continued to see steady demand for our hybrid cloud solutions, there is a significant level of uncertainty regarding the ongoing impact of COVID-19 on our customers and end markets over the coming quarters," Chief Financial Officer Duston Williams said in a release. The company is "proactively and prudently managing expenses to help ensure the long-term health of our business during this pandemic. It is also pulling its fiscal 2020 outlook as well as its business model targets for calendar 2021. Shares have declined 50% over the past three months as the S&P 500 has lost 14%. Source marketwatch
NASDAQ:NTNXLong
by RedHotStocks
NTNX breaking out of traingleNTNX has formed a triangle for about a month or so and it has just recently begun breaking out of it. MACD and RSI look promising even though they aren't giving any signals. Volume looks pretty good. Other analysts (according to MarketWatch) are also agreeing that this stock is a buy. My prediction is that it will rise to hit 50 EMA, retrace a little, and continue on upward. The retracement might be a place to add to the position. Risk, however, is somewhat high. If we set the stop-loss to where the top line of the triangle is ($16.30), the risk is ~9%. The reward is pretty high though, so I will take a medium-size position on it.
NASDAQ:NTNXLong
by QuantumMaster
Nutanix, Inc Trend Break Notable Trend-line break Alert set for possible long entry on a break above $37.42 Earnings approach and 7.5 % short interest could start to cover. Company Profile Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
NASDAQ:NTNX
by Bullishcharts
1
Nutanix surges on earnings beat. Earnings Highlights Revenue: $314.8 million, up from $313.3 million in the first quarter of fiscal 2019, reflecting revenue compression from the company’s ongoing transition to subscription and the significant reduction of hardware revenue from the prior year Billings: $380.0 million, down from $383.6 million in the first quarter of fiscal 2019, reflecting billings compression from the company’s ongoing transition to subscription and the significant reduction of hardware billings from the prior year Software and Support (TCV)1 Revenue: $305.0 million, up 9% year-over-year from $280.7 million in the first quarter of fiscal 2019, reflecting revenue compression from the company’s ongoing transition to subscription Software and Support (TCV) Billings: $370.3 million, up 5% year-over-year from $351.0 million in the first quarter of fiscal 2019, reflecting billings compression from the company’s ongoing transition to subscription Gross Margin: GAAP gross margin of 77.1%, up from 76.3% in the first quarter of fiscal 2019; Non-GAAP gross margin of 80.1%, up from 78.6% in the first quarter of fiscal 2019 Net Loss: GAAP net loss of $229.3 million, compared to a GAAP net loss of $94.3 million in the first quarter of fiscal 2019; Non-GAAP net loss of $135.3 million, compared to a non-GAAP net loss of $23.7 million in the first quarter of fiscal 2019 Net Loss Per Share: GAAP net loss per share of $1.21, compared to a GAAP net loss per share of $0.54 in the first quarter of fiscal 2019; Non-GAAP net loss per share of $0.71, compared to a non-GAAP net loss per share of $0.13 in the first quarter of fiscal 2019 Cash and Short-term Investments: $889.4 million, compared to $965.0 million in the first quarter of fiscal 2019 Deferred Revenue: $975.3 million, up 39% from the first quarter of fiscal 2019 Operating Cash Flow: Use of $26.2 million, compared to generation of $49.8 million in the first quarter of fiscal 2019 Free Cash Flow: Use of $44.4 million, compared to generation of $20.0 million in the first quarter of fiscal 2019 Reconciliations between GAAP and non-GAAP financial measures and key performance measures are provided in the tables of this press release. “Our solid Q1 performance, particularly in the Americas, gives us confidence that we have the right formula for global sales leadership as demonstrated by improved productivity and sales hiring over the last six months,” said Dheeraj Pandey, Chairman, Founder and CEO of Nutanix. “We have also seen momentum in key areas of our business, including the transition to subscription and an improved 28% attach rate of new products onto our core HCI platform.” “We continued to make progress towards our goal of more than 75% of billings coming from subscription by the end of the fiscal year, further demonstrating that customers want the freedom and flexibility that a subscription software model offers,” said Duston Williams, CFO of Nutanix. “Our last two quarters of solid execution position us well to deliver on our growth plans for fiscal 2020.” Average analysts price target $34.83 | Overweight 7.26% float shorted Company profile Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
NASDAQ:NTNXLong
by Bullishcharts
Analyst bullish on Nutanix.2019 has not been a favorable year for Nutanix but many believe that it had unjustly reached the depths of $17 having sat as high as $54 in January. Speculations has mounted recently about the possibility of the firm attracting interest from larger cloud players. Today Susquehanna put their weight behind the stock with a lofty $45 price target. AVERAGE ANALYSTS PRICE TARGET $34 AVERAGE ANALYSTS RECOMMENDATION Overweight P/R RATIO SHORT INTEREST 10% COMPANY PROFILE Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
NASDAQ:NTNXLong
by RedHotStocks
NUTANIX PRICE TARGET $36Nutanix earnings caught quite a few on the wrong side, the stock has a 12% short interest and was down 70% from its all time high prior to earnings. Currently up 20% premarket, it could really explode in the days to come as the shorts get squeezed, speculation regarding bidders lining up could add fuel to the fire. EARNINGS HIGHLIGHTS Dheeraj Pandey - Chief Executive Officer I'm pleased to report that our Q4 results demonstrated measurable progress in our subscription transformation, our pipeline funnel, our sales re-enablement, our simpler messaging on the platform versus new apps and our hybrid cloud journey. All this has enabled us to close our fiscal 2019 on a high note. While we still have much work left in our business transition towards a hybrid cloud model of licensing, we're encouraged by our progress to date and believe that our solid quarter-over-quarter billings and revenue growth, as well as our progress in sales hiring are clear indicators that our execution is improving and our market remain strong. We're particularly pleased to see such strong growth in our deferred revenue balances in Q4 with 44% year-over-year growth. Average Recommendation: OVERWEIGHT Average Target Price: 36.32 Short Interest 12% COMPANY PROFILE Nutanix, Inc. engages in the provision of enterprise virtualization and storage solutions. It specializes in cloud operating system that converges traditional silos of server, virtualization, storage, and networking into one integrated solution and unifies private and public cloud into a single software fabric. Its products are offered through the Acropolis and Prism brands. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.
NASDAQ:NTNXLong
by RedHotStocks