NTNX News and Headlines - Nutanix Inc
Shares of software infrastructure company Nutanix Inc. (NTNX) are up more than 30% after announcing its most recent quarterly results. The San Jose, California-based company has now gained 123% since March 16, but still remains 25% off this year's pre-Covid highs.
Nutanix specializes in enterprise cloud software spread across storage, networking and platform support, among other services. It has a presence in all continents, which makes it one of the biggest players in the specific business segments of the global market that it covers.
The company has continued to invest in building strong partnerships with other
Al Gore (Trades, Portfolio) is better known as a former U.S. vice president, but he now helps run Generation Investment Management, which currently manages more than $22 billion. While the firm focuses purely on “sustainable” investments, that hasn’t prevented it from beating the majority of hedge funds over the last 15 years. At one point, its 10-year track record was outpacing the S&P 500 (SPY) by nearly 500 basis points annually.
In May, it closed nearly $1 billion in financing for its new fund, the Generational Sustainable Futures Fund, which will focus on high-growth tech firms
While gurus hold positions in these companies, the share prices and returns continue to fall. The following are the worst-performing stocks over the past six months with a long-term presence in more than five gurus' portfolios.
Shares of Nutanix Inc. (NTNX) declined 39.29% over the last six months. The stock is held by five gurus.
The provider of native hybrid cloud capabilities for businesses has a $4.91 billion market cap. The stock is trading with a price-book ratio of 15.80. The share price of $26.10 is 58.36% below the 52-week high and 7.23% above the 52-week low.
Generation Investment Management, the London-based firm founded in 2004 by Al Gore (Trades, Portfolio) and David Blood, disclosed last week it established two new holdings during the first quarter. The firm also established a position in Nutanix Inc. (NTNX) on May 3 according to GuruFocus Real-Time Picks.
Gore, former U.S. vice president under Bill Clinton, established Generation Investment as an asset management company dedicated to long-term investing, integrated sustainability research and client alignment. The firm focuses on sustainability within markets with companies that strategically manage their economic, social and environmental performances.
Shares of Nutanix Inc. (NTNX) jumped almost 8% after the company posted first-quarter loss of 13 cents per share, on revenue of $313.28 million, reflecting 13.7% year-over-year growth. The company beat earnings estimates by 14 cents and revenue expectations by $8.07 million.
Billings were $383.6 million, higher than $315.3 million registered in the first quarter of the prior year, due to the shift from hardware revenue to software revenue.
Software and Support Revenue reached $280.7 million, a 44% year-over-year increaseÂ from
According to GuruFocus Insider Data, the recent CFO sells were: Nutanix Inc. (NTNX) and Tyler Technologies Inc. (TYL).
Nutanix Inc.: Chief Financical Officer Duston Williams sold 300,000 shares
Chief Financial Officer Duston Williams sold 300,000 shares for $35.36 per share on Dec. 15. Since then, the stock price has decreased by 0.06%. Nutanix Inc. has a market cap of $5.65 billion and its shares were traded around $35.34. The company has a P/S ratio of 6.06.
Nutanix announced its 2017 fourth-quarter results with revenues of $275.55 million and gross profit of $166.93 million; the net loss was $61.49 million. The
Shares of Nutanix Inc. (NTNX) jumped on Friday after the company reported financial results for its first quarter. Quarterly revenue grew 46.2% to $275.6 million and beat estimates by $8.7 million. The company posted an earnings loss of 16 cents per share, beating expectations by 10 cents. Moreover, operating cash flow reached $10.1 million, compared to $4.2 million in the year-ago quarter, and free cash flow of $-7.9 million was higher than the $-7.8 million reported in the first quarter of fiscal 2017.
“Over the coming quarters we will thoughtfully adopt a software-centric strategy,"Â Chairman, Founder and
The U.S. stock market traded lower in premarket trading but turned into bull territory with geopolitical risks in focus. Further, the minutes from the Federal Open Market Committee's September meeting wil be published at 2 p.m. Eastern.
Shares of NutanixÂ Inc.Â (NTNX) climbed 3% today, extending yesterday's 9.9% gain, due to higher volume. More than 15.6 million shares were traded. The stock is moving due to analysts' opinions the company is gaining ground in the virtual machine management arena. The company went public a year ago, but is still down from its $37 share price.
The U.S. created 156,000 new jobs the past month, slightly short of estimates. Analysts had predicted a gain of between 170,000 to 180,000 new jobs, but the real number was 156,000. The unemployment rate was practically unchanged at 4.4%. Meanwhile, the U.S. stock market opened higher with the three main indexes in the green.
Shares of Palo Alto Networks Inc. (PANW)Â were up almost 9% in morning trading on the back of the company reporting better-than-expected earnings for its third quarter. EPS of 61 cents beat expectations by 6 cents and revenue of $431.8 million beat by $19.88 million