Nutanix, Inc. (NTNX) Can’t Burn Your Long Portfolio. Just Reaches All Time High

March 14, 2018 - By Maria Brooks

The stock of Nutanix, Inc. (NASDAQ:NTNX) reached all time high today, Mar, 14 and still has $56.87 target or 4.00 % above today’s $54.68 share price. This indicates more upside for the $8.77B company. This technical setup was reported by If the $56.87 PT is reached, the company will be worth $350.88M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 3.09% or $1.64 during the last trading session, reaching $54.68. About 6.14 million shares traded or 48.49% up from the average. Nutanix, Inc. (NASDAQ:NTNX) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Nutanix, Inc. (NASDAQ:NTNX) to report earnings on May, 24. They expect $-0.44 earnings per share, up 42.86 % or $0.33 from last year’s $-0.77 per share. After $-0.40 actual earnings per share reported by Nutanix, Inc. for the previous quarter, Wall Street now forecasts 10.00 % negative EPS growth.

Nutanix, Inc. (NASDAQ:NTNX) Ratings Coverage

Among 13 analysts covering Nutanix (NASDAQ:NTNX), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Nutanix had 13 analyst reports since October 25, 2016 according to SRatingsIntel. The stock of Nutanix, Inc. (NASDAQ:NTNX) earned “Mkt Perform” rating by Raymond James on Tuesday, October 25. Needham initiated it with “Buy” rating and $36 target in Tuesday, October 25 report. On Tuesday, October 25 the stock rating was initiated by Piper Jaffray with “Overweight”. The rating was initiated by Robert W. Baird with “Outperform” on Tuesday, October 25. The rating was initiated by Goldman Sachs on Tuesday, October 25 with “Neutral”. The rating was initiated by Oppenheimer on Tuesday, October 25 with “Outperform”. The company was initiated on Tuesday, October 25 by Stifel Nicolaus. The company was initiated on Tuesday, October 25 by JP Morgan. The rating was initiated by RBC Capital Markets with “Outperform” on Tuesday, October 25. As per Tuesday, October 25, the company rating was initiated by Credit Suisse.

More notable recent Nutanix, Inc. (NASDAQ:NTNX) news were published by: which released: “Nutanix powers on in software transition” on March 02, 2018, also with their article: “Global 2000 Companies Will Be ‘Core Driver’ For Nutanix’s $3B Billings Target …” published on March 13, 2018, published: “Nutanix, Inc. (Nasdaq: NTNX) to Ring The Nasdaq Stock Market Opening Bell” on March 09, 2018. More interesting news about Nutanix, Inc. (NASDAQ:NTNX) were released by: and their article: “Nutanix stock gains after BTIG upgrades to buy” published on March 09, 2018 as well as‘s news article titled: “Nutanix Announces Definitive Agreement to Acquire Netsil” with publication date: March 12, 2018.

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 $8.77 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: