Nutanix, Inc. (NTNX) Hit All Time High

March 22, 2018 - By Rodney Autry

The stock of Nutanix, Inc. (NASDAQ:NTNX) reached all time high today, Mar, 22 and still has $56.04 target or 6.00 % above today’s $52.87 share price. This indicates more upside for the $8.69B company. This technical setup was reported by If the $56.04 PT is reached, the company will be worth $521.22M 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 decreased 1.05% or $0.56 during the last trading session, reaching $52.87. About 6.36 million shares traded or 47.82% up from the average. Nutanix, Inc. (NASDAQ:NTNX) has 0.00% since March 22, 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 EPS, up 42.86 % or $0.33 from last year’s $-0.77 per share. After $-0.40 actual EPS 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. Goldman Sachs initiated the stock with “Neutral” rating in Tuesday, October 25 report. On Tuesday, October 25 the stock rating was initiated by Oppenheimer with “Outperform”. The company was initiated on Tuesday, October 25 by Morgan Stanley. FBN Securities initiated Nutanix, Inc. (NASDAQ:NTNX) rating on Wednesday, January 11. FBN Securities has “Sector Perform” rating and $30 target. Piper Jaffray initiated Nutanix, Inc. (NASDAQ:NTNX) on Tuesday, October 25 with “Overweight” rating. Credit Suisse initiated the stock with “Outperform” rating in Tuesday, October 25 report. The firm earned “Outperform” rating on Tuesday, October 25 by Robert W. Baird. The rating was initiated by JP Morgan on Tuesday, October 25 with “Neutral”. The firm has “Mkt Perform” rating by Raymond James given on Tuesday, October 25. The stock has “Overweight” rating by Pacific Crest on Tuesday, October 25.

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 $8.69 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.

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