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 ...

Nutanix (NTNX) , a prominent player in the hybrid multi-cloud computing space, has experienced a 13% decline in its stock price over the past six months, underperforming the Zacks Computer and Technology sector’s return of 13.6%. This decline has left investors questioning the company's future prospects. This downturn occurs against a backdrop of broader tech sector volatility and macroeconomic uncertainties.Despite the recent stock performance, Nutanix has shown resilience in its core business. The company ...

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 ...

Nutanix (NTNX) closed at $59.60 in the latest trading session, marking a -0.83% move from the prior day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq gained 0.28%.The enterprise cloud platform services provider's stock has climbed by 14.76% in the past month, exceeding the Computer and Technology sector's gain of 8.41% and the S&P 500's gain of 4.08%.The investment community will be paying close attention to the earnings performance of Nu ...

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 ...

Have you evaluated the performance of Nutanix's (NTNX) international operations for the quarter ending April 2024? Given the extensive global presence of this enterprise cloud platform services provider, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. In ...