We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nutanix (NTNX) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Nutanix (NTNX - Free Report) ended the recent trading session at $40.59, demonstrating a +1.35% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.24%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.26%.
Shares of the enterprise cloud platform services provider witnessed a gain of 1.44% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 9.41%, and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of Nutanix in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.35, reflecting a 16.67% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $686 million, up 7.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.81 per share and revenue of $2.82 billion, which would represent changes of +11.73% and +11.05%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Nutanix. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.25% decrease. As of now, Nutanix holds a Zacks Rank of #3 (Hold).
Digging into valuation, Nutanix currently has a Forward P/E ratio of 22.15. For comparison, its industry has an average Forward P/E of 13.01, which means Nutanix is trading at a premium to the group.
It is also worth noting that NTNX currently has a PEG ratio of 1.38. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 1.21 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 80, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Nutanix (NTNX) Gains As Market Dips: What You Should Know
Nutanix (NTNX - Free Report) ended the recent trading session at $40.59, demonstrating a +1.35% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.24%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.26%.
Shares of the enterprise cloud platform services provider witnessed a gain of 1.44% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 9.41%, and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of Nutanix in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.35, reflecting a 16.67% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $686 million, up 7.36% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.81 per share and revenue of $2.82 billion, which would represent changes of +11.73% and +11.05%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Nutanix. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.25% decrease. As of now, Nutanix holds a Zacks Rank of #3 (Hold).
Digging into valuation, Nutanix currently has a Forward P/E ratio of 22.15. For comparison, its industry has an average Forward P/E of 13.01, which means Nutanix is trading at a premium to the group.
It is also worth noting that NTNX currently has a PEG ratio of 1.38. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 1.21 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 80, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.