28-Mar-2024
Analysts Offer Insights on Technology Companies: Nutanix (NTNX) and Sprinklr (CXM)
TipRanks (Thu, 28-Mar 12:50 AM ET)
TipRanks (Wed, 27-Mar 6:03 AM ET)
Nutanix Files Theft of Intellectual Property Lawsuit Against Tessell, Inc.
Business Wire (Wed, 20-Mar 4:37 PM ET)
Nutanix Study Finds AI, Security, and Sustainability Are Major Drivers for IT Modernization
Business Wire (Wed, 20-Mar 9:00 AM ET)
Wipro Expands Partnership with Nutanix to Launch a New Nutanix Business Unit
Business Wire (Mon, 11-Mar 8:00 AM ET)
Nutanix to Present at Upcoming Investor Conference
Business Wire (Thu, 29-Feb 4:05 PM ET)
Nutanix Reports Second Quarter Fiscal 2024 Financial Results
Business Wire (Wed, 28-Feb 4:05 PM ET)
Business Wire (Thu, 1-Feb 4:05 PM ET)
Nutanix Inc provides native hybrid cloud capabilities for businesses. The company offers Enterprise Cloud Platform to businesses for various uses such as web-scale engineering and consumer-grade design, virtualization, and storage into a resilient, and software-defined solution. Geographically, it derives a majority of revenue from the United States and also has a presence in Europe, the Middle East, Asia Pacific, Africa, and other regions.
Nutanix - Class A trades on the NASDAQ stock market under the symbol NTNX.
As of March 28, 2024, NTNX stock price declined to $61.72 with 2,178,655 million shares trading.
NTNX has a beta of 1.39, meaning it tends to be more sensitive to market movements. NTNX has a correlation of 0.22 to the broad based SPY ETF.
NTNX has a market cap of $15.08 billion. This is considered a Large Cap stock.
Last quarter Nutanix - Class A reported $565 million in Revenue and $.46 earnings per share. This beat revenue expectation by $14 million and exceeded earnings estimates by $.17.
In the last 3 years, NTNX stock traded as high as $66.99 and as low as $13.44.
The top ETF exchange traded funds that NTNX belongs to (by Net Assets): VTI, VB, VXF, VBK, VGT.
NTNX has outperformed the market in the last year with a return of +147.0%, while the SPY ETF gained +33.6%. In the last 3 month period, NTNX beat the market returning +30.7%, while SPY returned +10.1%. However, in the most recent 2 weeks NTNX has underperformed the stock market by returning -4.7%, while SPY returned +1.7%.
NTNX support price is $60.51 and resistance is $63.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NTNX stock will trade within this expected range on the day.