Economy

Nutanix makes hybrid play with Google Cloud

Nutanix makes hybrid play with Google Cloud

Stock analysts expect that Nutanix to post ($1.45) earnings per share for the full year.

Several other analysts also recently issued reports on the stock. Morgan Stanley lowered shares of Nutanix from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $29.00 to $20.00 in a research report on Friday, March 3rd.

Noland rates NTNX an Outperform with a price target of $28.00. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Nutanix now has a consensus rating of Buy and an average target price of $32.01.

Nutanix, Inc. (NASDAQ: NTNX) hit the jackpot in their partnership with Alphabet Inc. (NYSE:DK) retreated its position after shares change of 0.95% on Thursday and it traded at $26.43.

Nutanix, Inc. (NTNX) has the market capitalization of $2.8 Billion. The firm has a 50-day moving average price of $17.31 and a 200 day moving average price of $23.04. The technology company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.45) by $0.32.

Taking short appearance on the firm profit margin, it was recorded negative -61.30%, and operating margin was recorded -56.80%. The business had revenue of $191.76 million during the quarter, compared to analysts' expectations of $186.56 million. Further, as reported, both Boards support a comprehensive portfolio review for DowDuPont, which is meant to assess current business facts and leverage the knowledge gained over the past year and a half to capture any material value-enhancing opportunities in preparation for the intended creation of three industry-leading companies.

More news: PĂ©rez: Ronaldo will stay at Real Madrid
More news: Man dies in Arkansas River rafting accident in Browns Canyon
More news: 'Big 4' given top-4 seedings at Wimbledon; Kerber also No. 1

TRADEMARK VIOLATION NOTICE: "Nutanix Inc". If you are reading this story on another domain, it was illegally stolen and republished in violation of USA & worldwide copyright & trademark laws. The correct version of this story can be viewed at https://transcriptdaily.com/2017/06/29/maxim-group-reiterates-buy-rating-for-nutanix-inc-ntnx-updated-updated-updated-updated.html. Also, EVP David Sangster sold 27,000 shares of Nutanix stock in a transaction on Tuesday, May 2nd. (NTNX). Average true range (ATR-14) of the company is at 1.02. Following the sale, the vice president now owns 239,074 shares in the company, valued at approximately $4,724,102.24. The stock was unloaded at a price range of of $20.00, amounting to $600,000.00. The disclosure for this sale can be found here. Insiders sold 2,724,450 shares of company stock valued at $51,176,798 over the last ninety days.

A number of large investors have recently added to or reduced their stakes in NTNX.

The first Nutanix Xi Cloud Service, which is expected to be available early next year, is Xi Cloud Disaster Recovery.

The cloud management platform is based on technology Nutanix acquired when it bought Calm.io past year. FMR LLC now owns 2,863,858 shares of the technology company's stock valued at $53,755,000 after buying an additional 351,058 shares during the period. Finally, FMR LLC raised its position in shares of Nutanix by 37.7% in the fourth quarter. UBS Oconnor acquired a new position in stocks of Nutanix during the Q1 valued roughly $7,039,000. This uses Nutanix Enterprise Cloud OS capabilities to work across network, compute and storage to converge enterprise infrastructures on AHV, ESXi, Hyper-V, extended to Xi Cloud Services, as well as public clouds including AWS, Google Cloud Platform and Azure.

To make that happened, Nutanix unveiled Nutanix Xi Cloud Services, which extends data center services to the cloud via the company's Prism centralized data center infrastructure management software.


  • Delta Air Lines Inc

    Delta Air Lines Inc

    Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. Mountain Lake Investment Management Llc sold 10,000 shares as Delta Air Lines Inc Del ( DAL)'s stock declined 5.91%.
    'Convenient Target': Russian MoD Compares New UK Warship to Admiral Kuznetsov

    'Convenient Target': Russian MoD Compares New UK Warship to Admiral Kuznetsov

    British Defense Secretary Michael Fallon said at the launch that the Russians would look at it "with a little bit of envy". He dismissed the British carrier as just a "conveniently large sea target" that should stay close to US protection assets.
    Will Modi's disapproval, not condemnation, end lynching of Muslims in India?

    Will Modi's disapproval, not condemnation, end lynching of Muslims in India?

    Mr.Modi first visited Portugal, where he held wide ranging talks with his counterpart Antonio Costa. He added that Mahatma Gandhi, Father of the Nation, would not approve of such incidents.
  • Private Wealth Partners LLC Acquires 1245 Shares of Wells Fargo & Company

    Cibc Asset owns 180,481 shares. 20,000 Wells Fargo & Co (NYSE:WFC) shares with value of $1.04M were sold by Hardison Hope A . Fj Management Limited Liability Corporation has 0.58% invested in Codorus Valley Bancorp, Inc. (NASDAQ:ILMN) for 10 shares.
    GOV Makes Notable Cross Below Critical Moving Average

    GOV Makes Notable Cross Below Critical Moving Average

    Finally, Norges Bank bought a new stake in Government Properties Income Trust during the fourth quarter worth $14,399,000. On average, equities analysts predict that Medical Properties Trust will post $0.86 EPS for the current fiscal year.
    Sri Lankan Cricket Team likely to tour Pakistan

    Sri Lankan Cricket Team likely to tour Pakistan

    Malinga, who returned from injury to the 50-over side in England, struggled and took only three wickets in three matches.
  • A judge ruled that baby Charlie should be taken off life-support

    A judge ruled that baby Charlie should be taken off life-support

    Specialists at Great Ormond had asked for a legal ruling on whether it had the right to withdraw life-support treatment. The full text of the EHRC ruling has not yet been made public; and the court has stated their decision is " final ".
    'Last-chance' for Cyprus peace talks

    'Last-chance' for Cyprus peace talks

    Nonetheless, he said that the Greek-Cypriot and Turkish-Cypriot positions still diverge on the issue of security and guarantees. They also want military intervention rights accorded by the island's 1960 constitution to the three "guarantors" expunged.
    What You Need To Know About The Supreme Court's Travel Ban Decision

    What You Need To Know About The Supreme Court's Travel Ban Decision

    ACLU legal director David Cole says he can not envision the court ultimately endorsing the Trump administration's actions. The court said the same standard should be applied to refugees who also would have been blocked under Trump's ban.
  • GST: All about the midnight session of Parliament

    GST: All about the midnight session of Parliament

    A Left leader said all sections are agitating and one can not turn it into an entertainment event when people are suffering. He, however, claimed that his party is not boycotting the meeting, but has also not issued a whip in the matter.
    Indian govt arrests 15 for celebrating Pakistan's win

    Indian govt arrests 15 for celebrating Pakistan's win

    The accused were produced in a local court which rejected the bail plea, and have been sent to jail. But a cricket match between India and Pakistan is not merely a sporting event.
    Will the Blue Apron IPO Be Your Meal Ticket?

    Will the Blue Apron IPO Be Your Meal Ticket?

    That's exemplified by the surge in new entrants in the space over the last couple of years since Blue Apron's last funding round. Some also complain that the dinner preparation takes too long, so perhaps they will offer some quicker alternatives.