Nutanix, Inc. (NASDAQ:NTNX) provider of enterprise cloud platform solutions, is reporting first quarter earnings results on Monday 23rd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.57 per share.
For the full year, analysts predict revenues of $ 1285.17 million, while looking forward to loss of $ 2.23 per share.
Previous Quarter Performance
Nutanix, Inc. reported loss for the fourth quarter of $ 0.39 per share, from the revenue of $ 327.87 million. The consensus estimates are loss of $ 0.67 per share from $ 319.97 million in revenue. The bottom line results beat street analysts by $ 0.28 or 41.79 percent, at the same time, top line results outshined analysts by $ 7.90 million or 2.47 percent.
Stock Performance
Shares of Nutanix, Inc. traded up $ 0.88 or 3.19 percent on Friday, reaching $ 28.47 with volume of 3.05 million shares. Nutanix, Inc. has traded high as $ 28.77 and has cracked $ 27.47 on the downward trend
According to the previous trading day, closing price of $ 28.47, representing a 143.94 % increase from the 52 week low of $ 11.31 and a 27.13 % decrease over the 52 week high of $ 37.86.
The company has a market capital of $ 5.87 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 24.00 target price.
Conference Call
Nutanix, Inc. will be hosting a conference call at 4:30 PM eastern time on 23rd November 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, 1-833-227-5841 U.S. or 1-647-689-4068 Outside U.S., with passcode : 3994985 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.nutanix.com
Nutanix, Inc., together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics. The company offers Acropolis, an open platform comprising hyperconvergence, native virtualization, enterprise storage, virtual networking, and platform services; and Prism, an end-to-end consumer-grade management plane providing management and analytics across its software products and services.
