agsandrew/iStock via Getty Images Nutanix: Market shares gains, a strong core market and a dash of AI make for a tasty and p Holders of Nutanix (NASDAQ:NTNX) shares this year might complain about whiplash. The year started well for the shares with a strong rally that lasted until mid-February; the stock appreciated by 40% through early March, at which point it consolidated for a few weeks, prior to reaching an all-time high at about $74 at the end of May. Then, in the wake of conservative guidance at th ...

Nutanix (NTNX) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power of a c ...

Core Viewpoint - Nutanix has faced a 13% decline in stock price over the past six months, underperforming the Zacks Computer and Technology sector's return of 13.6%, raising concerns about its future prospects amidst tech sector volatility and macroeconomic uncertainties [1][8] Group 1: Business Performance - Despite stock performance challenges, Nutanix has shown resilience with continued revenue growth and an expanding customer base, indicating strong fundamental value [1][4] - The company expects fiscal 2024 ACV billings between $1.12 billion and $1.13 billion, with a Zacks Consensus Estimate of $1.14 billion, reflecting a 19.1% year-over-year growth [4] - Fiscal 2024 revenue is projected to be in the range of $2.13 billion to $2.14 billion, with a Zacks Consensus Estimate of $2.14 billion, suggesting a 14.77% year-over-year growth [6] Group 2: Strategic Initiatives - Nutanix's transition to a subscription-based revenue model is expected to provide more predictable long-term revenue streams, aligning with broader industry trends [3][4] - The company is investing heavily in research and development, focusing on emerging technologies such as edge computing, AI, and advanced analytics, which could lead to new products and revenue streams [4][6] - Strategic partnerships with major cloud providers, including collaborations with NVIDIA and Dell Technologies, are enhancing Nutanix's product offerings and expanding its market reach [7][6] Group 3: Competitive Landscape - Nutanix faces intensifying competition from established players like VMware, Dell Technologies, and Hewlett Packard Enterprise, as well as indirect competition from public cloud giants [8] - The company's trailing 12-month EV/EBITDA ratio of 55.69 is above the industry average of 49.88, reflecting a premium valuation justified by strong revenue growth but also exposing the stock to market volatility [8] Group 4: Future Outlook - Key indicators for future monitoring include customer retention rates, new customer acquisition pace, and success in upselling existing clients [11] - Nutanix's ability to innovate and expand its product portfolio will be critical for maintaining its competitive edge in the hybrid cloud market [11]

Nutanix (NTNX) closed the latest trading day at $49.35, indicating a +0.88% change from the previous session's end. This move outpaced the S&P 500's daily loss of 0.51%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 0.93%.Shares of the enterprise cloud platform services provider witnessed a loss of 11.02% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.41% and the S&P 500's loss of 0.26%.Investors will be eagerly watching for the ...

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 -11% over the past month versus the Zacks S&P 500 composite's -0.3% change. The Zacks Computers - IT Services industry, to which Nutanix belongs, has gained 0.6% over this period. Now the key question is: Where could the stock be headed in the n ...

Nutanix (NTNX) has been beaten down lately with too much selling pressure. While the stock has lost 8.6% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measur ...

Nutanix (NTNX) closed the last trading session at $59.41, gaining 12.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $74.92 indicates a 26.1% upside potential.The average comprises 13 short-term price targets ranging from a low of $60 to a high of $80, with a standard deviation of $5.72. While the lowest estimate indicates an increase of 1% from the current price level, the most ...

Company Performance - Nutanix (NTNX) closed at $59.60, reflecting a -0.83% change from the previous day, underperforming the S&P 500's gain of 0.1% [1] - The stock has increased by 14.76% over the past month, outperforming the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08% [1] - The upcoming earnings report is expected to show an EPS of $0.19, a decrease of 20.83% year-over-year, with revenue anticipated at $536.81 million, an increase of 8.62% from the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $1.22 per share, representing a 103.33% increase from the prior year, with revenue expected to reach $2.14 billion, indicating a 14.75% increase [2] - Recent modifications to analyst estimates reflect changing business trends, with positive revisions indicating analyst optimism regarding the company's profitability [2] Valuation Metrics - Nutanix currently has a Forward P/E ratio of 49.39, which is a premium compared to the industry average of 27.11 [3] - The company holds a PEG ratio of 1.22, significantly lower than the industry average PEG ratio of 3.05 [3] Industry Context - The Computers - IT Services industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 65, placing it in the top 26% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

It has been about a month since the last earnings report for Nutanix (NTNX) . Shares have added about 0.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Nutanix due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Nutanix Q3 Earnings Top Estimates, Revenues Rise Y/ ...

Nutanix (NTNX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this enterprise cloud platform services provider have returned -21.6%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Computers - IT Services industry, which Nutanix falls in, has lost 0.3%. The key question now is: What could be the st ...