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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 May 17, 2024, NTNX stock price climbed to $70.29 with 1,889,391 million shares trading.
NTNX has a beta of 1.54, meaning it tends to be more sensitive to market movements. NTNX has a correlation of 0.27 to the broad based SPY ETF.
NTNX has a market cap of $17.17 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 $70.69 and as low as $13.44.
The top ETF exchange traded funds that NTNX belongs to (by Net Assets): RAYD, VTI, VB, VXF, VBK.
NTNX has outperformed the market in the last year with a price return of +173.7% while the SPY ETF gained +30.7%. NTNX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.5% and +13.0%, respectively, while the SPY returned +6.3% and +4.8%, respectively.
NTNX support price is $67.40 and resistance is $70.54 (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.