Have you been paying attention to shares of Nutanix (NTNX) ? Shares have been on the move with the stock up 13.5% over the past month. The stock hit a new 52-week high of $75.8 in the previous session. Nutanix has gained 52.7% since the start of the year compared to the 28.5% move for the Zacks Computer and Technology sector and the 16.8% return for the Zacks Computers - IT Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed ou ...

Nutanix (NASDAQ: NTNX ) provides a broad range of software and solutions to enable their customers to simply run and manage their private, hybrid and public cloud. I believe Nutanix Cloud Infrastructure will gain significant market share from VMware, owned by Broadcom (More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with ...

In its upcoming report, Nutanix (NTNX) is predicted by Wall Street analysts to post quarterly earnings of $0.31 per share, reflecting an increase of 6.9% compared to the same period last year. Revenues are forecasted to be $571.72 million, representing a year-over-year increase of 11.9%.The consensus EPS estimate for the quarter has undergone a downward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Nutanix (NTNX) reports results for the quarter ended October 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 26. On ...

Core Viewpoint - Brokerage recommendations, particularly for Nutanix (NTNX), suggest a positive outlook, but their reliability is questioned due to potential biases from brokerage firms [2][4][8]. Brokerage Recommendations - Nutanix has an average brokerage recommendation (ABR) of 1.69, indicating a range between Strong Buy and Buy, based on 13 brokerage firms [2]. - Of the 13 recommendations, 7 are Strong Buy and 3 are Buy, accounting for 53.9% and 23.1% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high price appreciation potential [3]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five Strong Buy recommendations for every Strong Sell [4][8]. Zacks Rank as an Alternative - Zacks Rank, a proprietary stock rating tool, categorizes stocks from Strong Buy to Strong Sell and is based on earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [6][9]. - The Zacks Rank for Nutanix is currently 2 (Buy), reflecting a 0.2% increase in the consensus earnings estimate to $1.41 over the past month, indicating growing optimism among analysts [11][12]. Comparison of ABR and Zacks Rank - ABR and Zacks Rank are distinct measures; ABR is based solely on brokerage recommendations, while Zacks Rank utilizes earnings estimate revisions and is updated more frequently [7][10].

In the latest market close, Nutanix (NTNX) reached $71.11, with a -0.84% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.47%, and the Nasdaq, a tech-heavy index, lost 0.64%.The the stock of enterprise cloud platform services provider has risen by 12.24% in the past month, leading the Computer and Technology sector's gain of 3.03% and the S&P 500's gain of 3.07%.Market participants will be closely following the financial r ...

Oppenheimer analyst Param Singh initiated coverage on Nutanix Inc NTNX with an Outperform rating and a price target of $80.Singh’s optimistic outlook hinges on several critical factors, including the rising demand for HyperConverged Infrastructure (HCI), market share opportunities from weakening VMware, and strong adoption of unstructured data solutions, particularly for AI-driven workloads.Singh accentuated that Nutanix benefits from the shift in enterprise data centers toward HCI solutions, which integrat ...

Core Insights - Nutanix has launched Nutanix Enterprise AI (NAI), a cloud-native offering that can be deployed on any Kubernetes platform, enhancing its AI infrastructure capabilities for hybrid multicloud environments [1][3] - The NAI platform aims to simplify the deployment and scaling of large language models (LLMs) and generative AI applications, providing organizations with a secure and efficient way to manage their AI workloads [1][6] - Nutanix Enterprise AI features a transparent pricing model based on infrastructure resources, which is designed to maximize ROI for customers investing in generative AI [4] Group 1: Product Features and Capabilities - Nutanix Enterprise AI supports a consistent multicloud operating model, allowing organizations to deploy AI applications securely across on-premises and public cloud environments [3][8] - The platform integrates with NVIDIA NIM for optimized performance, enabling rapid deployment of inference endpoints for LLMs [1][7] - It offers a user-friendly interface that simplifies the deployment and testing of LLM inference endpoints, addressing the challenges organizations face in building AI-ready platforms [9][10] Group 2: Market Position and Strategic Importance - Generative AI is characterized as a hybrid workload, necessitating a flexible infrastructure that can handle training, fine-tuning, and inference across various environments [2][8] - Nutanix Enterprise AI is part of the broader Nutanix GPT-in-a-Box 2.0 initiative, which includes additional services and infrastructure to support enterprise AI needs [5][11] - The collaboration with Hugging Face enhances the platform's capabilities, allowing seamless deployment of popular open models [12] Group 3: Use Cases and Benefits - Key use cases for Nutanix Enterprise AI include enhancing customer experience, accelerating content creation, improving security through AI models, and leveraging fine-tuned models for analytics [10] - The platform addresses AI skill shortages by enabling IT administrators to manage AI applications effectively, thus accelerating development processes [8][9] - Nutanix Enterprise AI also mitigates data privacy and security concerns by allowing organizations to control their compute resources and providing robust security features [9]

Nutanix (NTNX) shares soared 5.5% in the last trading session to close at $70.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.7% gain over the past four weeks.Nutanix shares are benefiting from expanded strategic partnership with Amazon Web Services to develop cloud migration and to provide alternatives for users managing workloads on cloud and on premise environments.This enterprise cloud platform services provider is expe ...

SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced an expanded strategic collaboration with Amazon Web Services, Inc. (AWS) to accelerate cloud migration and provide options for customers managing workloads across on-premises and cloud environments. This aims to reduce the friction required for IT modernization, making it easier for customers to leverage AWS services to drive innovation. Through this collaboration, customers c ...