Could Nutanix, Inc. (NTNX) Skyrocket Even More? The Stock Just Made 52-Week High

June 15, 2018 - By Vivian Park

The stock of Nutanix, Inc. (NASDAQ:NTNX) hit a new 52-week high and has $66.84 target or 8.00 % above today’s $61.89 share price. The 8 months bullish chart indicates low risk for the $10.56B company. The 1-year high was reported on Jun, 15 by Barchart.com. If the $66.84 price target is reached, the company will be worth $845.04M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.10% or $0.69 during the last trading session, reaching $61.89. About 1.92 million shares traded. Nutanix, Inc. (NASDAQ:NTNX) has risen 198.80% since June 15, 2017 and is uptrending. It has outperformed by 186.23% the S&P500.

Analysts await Nutanix, Inc. (NASDAQ:NTNX) to report earnings on August, 30. They expect $-0.47 EPS, up 18.97 % or $0.11 from last year’s $-0.58 per share. After $-0.46 actual EPS reported by Nutanix, Inc. for the previous quarter, Wall Street now forecasts 2.17 % negative EPS growth.

More news for Nutanix, Inc. (NASDAQ:NTNX) were recently published by: Seekingalpha.com, which released: “Nutanix -4.8% on mixed Q1, mixed guidance” on May 24, 2018. Nasdaq.com‘s article titled: “Firsthand Technology Value Fund Discloses Top Portfolio Holdings” and published on June 13, 2018 is yet another important article.

Nutanix, Inc., together with its subsidiaries, provides an enterprise cloud operating system in North America, Europe, the Asia-Pacific, the Middle East, Latin America, and Africa. The company has market cap of $10.56 billion. The Company’s cloud operating system converges traditional silos of server, virtualization, storage, and networking into one integrated solution; and unifies private and public cloud into a single software fabric. It currently has negative earnings. The company??s software products include Acropolis, which comprises Distributed Storage Fabric that replaces traditional storage arrays and delivers enterprise-grade data management across a range of storage protocols to support various enterprise applications, including virtualized and non-virtualized applications; and Application Mobility Fabric that enables enhanced levels of application placement, conversion, and migration across various hypervisors and public clouds.

Nutanix, Inc. (NASDAQ:NTNX) Ratings Chart

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