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) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Nutanix (NTNX - Free Report) closed at $54.19 in the latest trading session, marking a -1.67% move from the prior day. This change lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the enterprise cloud platform services provider had gained 18.24% over the past month, outpacing the Computer and Technology sector's loss of 6.6% and the S&P 500's loss of 0.63%.
Investors will be eagerly watching for the performance of Nutanix in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.48, signifying a 29.73% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $737.46 million, indicating a 12.89% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.91 per share and revenue of $2.83 billion, indicating changes of +17.9% and +11.57%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nutanix. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Nutanix is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Nutanix currently has a Forward P/E ratio of 28.84. This represents a premium compared to its industry average Forward P/E of 12.98.
One should further note that NTNX currently holds a PEG ratio of 1.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 0.99.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Nutanix (NTNX) Stock Falls Amid Market Uptick: What Investors Need to Know
Nutanix (NTNX - Free Report) closed at $54.19 in the latest trading session, marking a -1.67% move from the prior day. This change lagged the S&P 500's daily gain of 0.89%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 1.29%.
Heading into today, shares of the enterprise cloud platform services provider had gained 18.24% over the past month, outpacing the Computer and Technology sector's loss of 6.6% and the S&P 500's loss of 0.63%.
Investors will be eagerly watching for the performance of Nutanix in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.48, signifying a 29.73% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $737.46 million, indicating a 12.89% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.91 per share and revenue of $2.83 billion, indicating changes of +17.9% and +11.57%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Nutanix. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Nutanix is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Nutanix currently has a Forward P/E ratio of 28.84. This represents a premium compared to its industry average Forward P/E of 12.98.
One should further note that NTNX currently holds a PEG ratio of 1.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 0.99.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.