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Nutanix (NTNX) Looks Good: Stock Adds 9.9% in Session
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Nutanix, Inc. (NTNX - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 26.6% in the past one-month time frame.
The move came after the company reported better than expected first-quarter 2018 results and confirmed its plan to shift toward a software-centric business model.
Although the company has not seen any changes in estimate revisions in the past few weeks, its Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Nutanix. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Nutanix currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Is NTNX going up? Or down? Predict to see what others think: Up or Down
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Nutanix (NTNX) Looks Good: Stock Adds 9.9% in Session
Nutanix, Inc. (NTNX - Free Report) was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 26.6% in the past one-month time frame.
The move came after the company reported better than expected first-quarter 2018 results and confirmed its plan to shift toward a software-centric business model.
Although the company has not seen any changes in estimate revisions in the past few weeks, its Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for Nutanix. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Nutanix currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Nutanix Inc. Price
Nutanix Inc. Price | Nutanix Inc. Quote
A better-ranked stock in the Computers - IT Services industry is DXC Technology Company (DXC - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NTNX going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>