Stock under Review: Nutanix Inc. (NASDAQ: NTNX) – News Description

Stock under Review: Nutanix Inc. (NASDAQ: NTNX)

SAN JOSE, Calif., October 9, 2019 – Shares of Nutanix Inc. (NASDAQ: NTNX) declined -7.34% to $23.75. The stock grabbed the investor’s attention and traded 4.070M shares as compared to its average daily volume of 3.92M shares. The stock’s institutional ownership stands at 72.40%.

Nutanix Inc. (NTNX) reported a loss of $209.80M in its fiscal third quarter. On a per-share basis, the San Jose, California-based company said it had a loss of $1.15. Losses, adjusted for stock option expense and amortization costs, came to 56 cents per share. The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.

The enterprise cloud platform services provider posted revenue of $287.60M in the period, which fell short of Street forecasts. Eleven analysts surveyed by Zacks expected $296.50M. For the current quarter ending in July, Nutanix expects its per-share loss to be 65 cents. The company said it expects revenue in the range of $280.0M to $310.0M for the fiscal fourth quarter.

NTNX has a market value of $4.49B while its EPS was booked as $-3.48 in the last 12 months. The stock has 188.86M shares outstanding. In the profitability analysis, the company has gross profit margin of 76.60% while net profit margin was -50.30%. Analyst recommendation for this stock stands at 2.20.

About the Author

Donna Pate
Donna Pate
I am Donna Pate and I give “News Description” an insight into the most recent news hitting the “Technology” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 4140 Shadowmar Drive Metairie, LA 70006, USA Phone: (+1) 504-779-3428 Email: [email protected]

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