Nutanix, Inc. (NTNX)

NASDAQ: NTNX · Real-Time Price · USD
69.44
+1.00 (1.46%)
At close: Nov 20, 2024, 4:00 PM
69.77
+0.33 (0.48%)
After-hours: Nov 20, 2024, 7:36 PM EST
1.46%
Market Cap 18.60B
Revenue (ttm) 2.15B
Net Income (ttm) -124.78M
Shares Out 267.84M
EPS (ttm) -0.51
PE Ratio n/a
Forward PE 47.82
Dividend n/a
Ex-Dividend Date n/a
Volume 1,914,833
Open 69.17
Previous Close 68.44
Day's Range 68.11 - 69.58
52-Week Range 40.20 - 73.70
Beta 1.17
Analysts Buy
Price Target 73.86 (+6.37%)
Earnings Date Nov 26, 2024

About NTNX

Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers hyperconverged infrastructure software stack that converges virtualization, storage, and networking services into a turnkey solution; Acropolis Hypervisor, an enterprise-grade virtualization solution; flow virtual networking and flow network security, which offers services to visualize the network, automate common network operations, and build virtual private networks; Nutanix Kubernetes ... [Read more]

Sector Technology
IPO Date Sep 30, 2016
Employees 7,150
Stock Exchange NASDAQ
Ticker Symbol NTNX
Full Company Profile

Financial Performance

In 2024, Nutanix's revenue was $2.15 billion, an increase of 15.35% compared to the previous year's $1.86 billion. Losses were -$124.78 million, -50.98% less than in 2023.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for NTNX stock is "Buy." The 12-month stock price forecast is $73.86, which is an increase of 6.37% from the latest price.

Price Target
$73.86
(6.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Nutanix Catalysts Include HCI Growth, VMware Market Share Shift, And AI Demand: Analyst

Oppenheimer analyst Param Singh initiated coverage on Nutanix Inc NTNX with an Outperform rating and a price target of $80.

7 days ago - Benzinga

Nutanix Extends AI Platform to Public Cloud

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...

8 days ago - GlobeNewsWire

Nutanix Expands Partnership with AWS

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....

13 days ago - GlobeNewsWire

Nutanix is Positioned Furthest in Vision Among All Vendors in 2024 Gartner® Magic Quadrant™ for File and Object Storage Platforms

Nutanix today announced it is positioned furthest in vision among all vendors in the 2024 Gartner Magic Quadrant for File and Object Storage Platforms.

16 days ago - GlobeNewsWire

Nutanix Is Taking Market Share

Nutanix, Inc. has turned around with strong revenue growth, driven by its pioneering HCI technology and expanding enterprise cloud platform. The company benefits from market trends like hybrid multi-c...

4 weeks ago - Seeking Alpha

Nutanix is Named a Leader in 2024 Gartner® Magic Quadrant™ for Distributed Hybrid Infrastructure

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 Di...

5 weeks ago - GlobeNewsWire

Nutanix Inc (NTNX) Shares Up 3.53% on Oct 2

Shares of Nutanix Inc (NTNX, Financial) surged 3.53% in mid-day trading on Oct 2. The stock reached an intraday high of $58.77, before settling at $58.46, up from its previous close of $56.46.

7 weeks ago - GuruFocus

Nutanix: Shifting To A Buy As The Company Enters FY2025 On Solid Footing (Rating Upgrade)

Nutanix is a buy due to strong Q4 earnings, record new logo adds, and expanding reseller network, indicating robust go-to-market performance. The company is a leader in hybrid cloud, with AI driving a...

7 weeks ago - Seeking Alpha

Nutanix CEO: No signs of slowdown in spending in digital transformation

Rajiv Ramaswami, the CEO of cloud computing company Nutanix, talks about enterprise spending on artificial intelligence, and why demand is set to stay resilient.

2 months ago - CNBC International TV

Nutanix: Mid-Teens Growth Is Easily Achievable

I maintain a buy rating for Nutanix stock due to robust growth outlook and signs of capturing market share from VMware. Despite a slowdown in headline revenue growth, strong ACV billings and ARR growt...

2 months ago - Seeking Alpha

Nutanix to Present at Upcoming Investor Conference

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that its management will present at the following upcoming financial community...

2 months ago - Business Wire

These Analysts Boost Their Forecasts On Nutanix After Upbeat Earnings

Nutanix, Inc. NTNX reported better-than-expected fourth-quarter financial results and issued FY25 revenue guidance above estimates on Wednesday.

2 months ago - Benzinga

Nutanix, Inc. (NTNX) Q4 2024 Earnings Call Transcript

Nutanix, Inc. (NASDAQ:NTNX) Q4 2024 Earnings Conference Call August 28, 2024 4:30 PM ET Company Participants Rich Valera - Vice President, Investor Relations Rajiv Ramaswami - President & Chief Execu...

3 months ago - Seeking Alpha

Nutanix Reports Fourth Quarter and Fiscal 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its fourth quarter and fiscal year ended July 31, 2024. ...

3 months ago - Business Wire

Nutanix Announces Date and Conference Call Information for Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it will report its financial results for the fiscal fourth quarter and fi...

3 months ago - Business Wire

Nutanix: A Leader In The Infrastructure Software Space

Nutanix has become a company generating substantial free cash flow as well as strong revenue growth. Nutanix shares have experienced significant volatility, with recent drops in value due to market se...

4 months ago - Seeking Alpha

Top 4 Tech Stocks That May Explode In July

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. `

Other symbols: CRSRCRWDHUBS
4 months ago - Benzinga

Nutanix: Scaling The Clouds Of Profitability

Nutanix, Inc. offers a compelling investment opportunity with its stable growth trajectory and strategic positioning in cloud computing solutions. Nutanix's valuation of 31x next year's non-GAAP opera...

5 months ago - Seeking Alpha

Nutanix Study Projects Hybrid Multicloud Adoption for Financial Services Will Triple, as Organizations Prioritize Data Security & AI

SAN JOSE, Calif.--(BUSINESS WIRE)-- #HCI--Nutanix announced the findings of its sixth annual global Financial Services Enterprise Cloud Index survey and research report.

5 months ago - Business Wire

Nutanix Appoints Brian Martin as Chief Legal Officer

SAN JOSE, Calif.--(BUSINESS WIRE)-- #HCI--Nutanix has named Brian Martin as Chief Legal Officer of the company.

5 months ago - Business Wire

Nutanix Announces Receipt of Notice of Conversion for its 2.50% Convertible Senior Notes due 2026

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced that it received a notice of conversion from BCPE Nucleon (DE) SPV, LP, an entity af...

5 months ago - Business Wire

Nutanix, Inc. (NTNX) Q3 2024 Earnings Call Transcript

Nutanix, Inc. (NASDAQ:NTNX) Q3 2024 Earnings Conference Call May 29, 2024 4:30 PM ET Company Participants Rich Valera - VP, IR Rajiv Ramaswami - President and CEO Rukmini Sivaraman - CFO Conference C...

6 months ago - Seeking Alpha

Nutanix offers weaker guidance, and stock drops 12%

Shares of Nutanix Inc. fell more than 12% in the extended session Thursday after the cloud-computing company reported a mixed quarter, missing revenue expectations by a wide margin, and offered weaker...

6 months ago - Market Watch

Nutanix Reports Third Quarter Fiscal 2024 Financial Results

SAN JOSE, Calif.--(BUSINESS WIRE)--Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its third quarter ended April 30, 2024. “We delivered so...

6 months ago - Business Wire

Nutanix Accelerates Enterprise Adoption of Generative AI

BARCELONA, Spain--(BUSINESS WIRE)-- #HCI--.NEXT Conference – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced new functionality for Nutanix GPT-in-a-Box, including inte...

6 months ago - Business Wire