Nutanix(NTNX)
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Is Nutanix (NTNX) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-10-01 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Nutanix (NTNX) .Nutanix currently has an average brokerage recommendation (ABR) of 1.69, on a s ...
Nutanix: Shifting To A Buy As The Company Enters FY2025 On Solid Footing (Rating Upgrade)
Seeking Alpha· 2024-09-27 07:44
Group 1 - The investment philosophy emphasizes avoiding popular stocks that have already experienced significant AI-driven gains this year [1] - A focus is placed on lesser-known small and mid-cap stocks that have slightly fallen out of favor, suggesting potential investment opportunities [1] - The analyst has extensive experience in both Wall Street technology coverage and Silicon Valley, providing insights into current industry trends [1] Group 2 - The analyst has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1] - The analyst's articles are syndicated to popular trading apps like Robinhood, enhancing their reach and influence [1]
Here is What to Know Beyond Why Nutanix (NTNX) is a Trending Stock
ZACKS· 2024-09-26 14:06
Nutanix (NTNX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this enterprise cloud platform services provider have returned +17.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The Zacks Computers - IT Services industry, to which Nutanix belongs, has gained 3.9% over this period. Now the key question is: Where could the stock be headed in the ...
Nutanix(NTNX) - 2024 Q4 - Annual Report
2024-09-19 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37883 NUTANIX, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization ...
Here's Why Nutanix (NTNX) is a Strong Momentum Stock
ZACKS· 2024-09-16 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed alongside ...
Nutanix: Mid-Teens Growth Is Easily Achievable
Seeking Alpha· 2024-09-10 15:24
Investment Summary - Nutanix (NASDAQ:NTNX) maintains a buy rating due to strong demand momentum and the ability to capture market share from VMware [2][8] 4Q24 Results Update - NTNX reported 4Q24 adjusted revenue of $548 million, reflecting an 11% year-over-year growth, which is a deceleration from 1Q24's 16.9% growth [3] - Adjusted gross margins improved to 86.9%, with a 110 basis points expansion from 4Q23, sustaining the adjusted EBIT margin at 12.9% [3] Growth Outlook - The slowdown in headline growth is attributed to a tough comparison base from the previous year, with 4Q24 growth being an all-time high over the past 12 quarters on a two-year stack basis [4] - Annual Contract Value (ACV) billings growth accelerated from 20% in 3Q24 to 21% in 4Q24, while Annual Recurring Revenue (ARR) growth remained stable at over 20% [4] - The net retention rate (NRR) fell by 900 basis points to 114% in 4Q24, but this is not indicative of increased churn; rather, it reflects a higher mix of large deals in the pipeline [4] - NTNX is positioned to capture market share from VMware due to customer dissatisfaction with Broadcom's pricing strategy post-acquisition [4] Valuation - NTNX is valued at $79 based on a forward revenue approach, with growth assumptions of 15% for the next three years, supported by the potential benefits from share loss from VMware [5] - The market has recognized this opportunity, as NTNX's valuation increased from approximately 5.5x to 6.2x post-earnings despite slow headline revenue growth [5]
Why Nutanix Rallied 25.1% in August
The Motley Fool· 2024-09-07 14:00
The enterprise software company handily beat analyst estimates in its fourth fiscal quarter.Shares of hybrid cloud software provider Nutanix (NTNX -4.36%) rallied 25.1% in the month of August, according to data from S&P Global Market Intelligence.Nutanix's fiscal fourth-quarter earnings report, released on Aug. 28, outpaced analyst estimates and also gave solid guidance for the year ahead.A beat and raise with healthy free cash flowIn the quarter, Nutanix grew revenue 11% to $548 million while posting adjus ...
Why Nutanix Stock Was Surging Today
The Motley Fool· 2024-08-29 17:56
Shares of the hybrid cloud specialist jumped on a strong earnings report.Shares of Nutanix (NTNX 19.75%) were moving higher today after the hyper-converged infrastructure specialist (HCI) posted better-than-expected results in its fiscal fourth-quarter earnings report.Investors responded positively to the news, sending the stock up 20.4% as of 12:53 p.m. ET. Nutanix bounces backFollowing a disappointing earnings report in the fiscal third quarter, Nutanix bounced back after reassuring investors that custome ...
Nutanix Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
ZACKS· 2024-08-29 13:51
Nutanix (NTNX) reported fourth-quarter fiscal 2024 non-GAAP earnings of 27 cents per share, which surpassed the Zacks Consensus Estimate by 35% and increased 12.5% year over year.Nutanix’s revenues climbed 11% year over year to $548 million, beating the Zacks Consensus Estimate by 2.02% and the guided range of $530-$540 million.The top line was primarily driven by growth in NTNX’s core hyper-converged infrastructure software and the solid adoption of its new capabilities. Nutanix continues to witness a stro ...
These Analysts Boost Their Forecasts On Nutanix After Upbeat Earnings
Benzinga· 2024-08-29 13:37
Nutanix, Inc. NTNX reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates on Wednesday.Nutanix reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 20 cents per share. The company reported quarterly sales of $547.95 million which beat the analyst consensus estimate of $536.94 million."Our fourth quarter was a solid finish to a fiscal year that showed good progress on our financial model with solid top-line gro ...