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 ...

SALT LAKE CITY, Nov. 12, 2024 (GLOBE NEWSWIRE) -- KubeCon – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it extended the company's AI infrastructure platform with a new cloud native offering, Nutanix Enterprise AI (NAI), that can be deployed on any Kubernetes platform, at the edge, in core data centers, and on public cloud services like AWS EKS, Azure AKS, and Google GKE. The NAI offering delivers a consistent hybrid multicloud operating model for accelerated AI work ...

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 ...

Core Viewpoint - Nutanix (NTNX) has consistently surpassed earnings estimates, making it a strong candidate for potential investment as it approaches its next quarterly report [1][2]. Earnings Performance - In the last reported quarter, Nutanix achieved earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.20 per share by 35% [2]. - In the previous quarter, Nutanix was expected to post earnings of $0.17 per share but delivered $0.28 per share, resulting in a surprise of 64.71% [2]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Nutanix, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][6]. - The current Earnings ESP for Nutanix is +14.92%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [6]. Zacks Rank and Success Rate - Nutanix holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high probability of beating earnings estimates [6]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in producing positive surprises [4].

SAN JOSE, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced it is positioned furthest in vision among all vendors in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms. Nutanix believes this recognition is due to the company’s strong vision for an enterprise storage platform that unifies unstructured data across edge, public and private clouds. This, along with the ability to consolidate files, objects and block stor ...

Nutanix (NTNX) closed the latest trading day at $64.13, indicating a -1.29% change from the previous session's end. This change lagged the S&P 500's 0.33% loss on the day. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, lost 0.56%.Shares of the enterprise cloud platform services provider witnessed a gain of 15.07% over the previous month, beating the performance of the Computer and Technology sector with its gain of 2.83% and the S&P 500's gain of 1.83%.Market participants will be closely ...

In the latest market close, Nutanix (NTNX) reached $61.59, with a -0.69% movement compared to the previous day. This change lagged the S&P 500's 0.03% loss on the day. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw an increase of 0.56%. Coming into today, shares of the enterprise cloud platform services provider had gained 1.34% in the past month. In that same time, the Computer and Technology sector gained 1.65%, while the S&P 500 gained 1.39%. Investors will be eag ...

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SAN JOSE, Calif., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced it has been named as a Leader in the Gartner Magic Quadrant for Distributed Hybrid Infrastructure, 2024, which Gartner describes as “offerings that deliver cloud-native attributes, which can be deployed and operated where the customer prefers. Distributed hybrid infrastructure provides the foundation for the deployment of applications in a distributed manner that retains a clo ...