|Bid||46.28 x 3100|
|Ask||46.55 x 900|
|Day's Range||46.21 - 48.58|
|52 Week Range||21.63 - 64.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 28, 2018 - Dec 3, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||62.95|
Nutanix (NTNX) shares gain following Google's denial of reports suggesting the latter's expansion in the private data center market.
The Information reported that Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) will expand its cloud business from the public to private space, targeting enterprise customers with private data center offerings. While the report certainly spooked the market, Needham analyst Jack Andrews said the idea of Google and Nutanix being competitors seems very unlikely based on the two companies’ ongoing partnership. Andrews says the partnership is mutually beneficial, and Nutanix is allowing Google access to enterprise customers that are skeptical of vendor lock-in to one specific provider.
Alphabet Inc.'s Google [s:googl] [s:goog] on Tuesday denied that it was building customized appliances to compete with Nutanix Inc. in hyperconvergence, following a Monday report in the Information indicated that the company was working custom computers that combine server, storage, and networking. "We can confirm that we are not building customized appliances for external sale," the company said in a statement provided to MarketWatch. "We value our partnerships highly and can also confirm that we are not competing with our partners in this area." Nutanix stock initially sold off after the report came out on Monday, but it rallied 4.5% in morning trade Tuesday. Several analysts dismissed the Google threat and reiterated their bullish views of Nutanix earlier in the morning. Nutranix's stock has tumbled 23.5% over the past three months but was still up 38.5% year to date, while the S&P 500 has gained 4.6% over the past three months and 8.5% this year.
Share of Nutanix Inc. are up 6% in premarket trading Tuesday after several analysts defended the company following its 12% plunge in Monday's session. The stock sold off Monday in part after a report from The Information indicated that Alphabet Inc.'s Google might be working on a competing hyperconvergence product. "While the potential offering could be viewed as competitive to Nutanix (if it is sold commercially), we believe most enterprises will choose to leverage a multi-cloud infrastructure and would not want to be locked into single cloud provider," wrote Piper Jaffray analyst Andrew Nowinski. "As such, we believe the selling pressure attributed to this report is excessive." He reiterated his overweight rating and $66 price target. Needham analyst Jack Andrews deems it unlikely that Google is working on a competitive offering given that Google and Nutanix formally agreed to a partnership more than a year ago. He titled his note: "Unfounded Media Rumors Create Buying Opportunity." Andrews has a buy rating and $71 target price on the stock, which has gained 104% over the past 12 months as the S&P 500 has risen 15%.
NEW YORK, NY / ACCESSWIRE / September 18, 2018 / U.S. equities retreated from records Monday as President Donald Trump plans to announce an additional $200 billion in tariffs on Chinese products. The Dow ...
Nutanix Inc. shares fell Monday following a report that Alphabet Inc.'s Google Cloud Platform is looking to offer a competing service that would consolidate cloud-storage and computing systems. Nutanix shares dropped 7.8% to $48.44 in recent activity. On Monday, The Information reported that Google is planning to build custom-designed computers for customers that would combine server, storage and networking functions in a private data center. Nutanix, which went public in 2017, is a leader in hyperconvergence, which essentially combines computer storage and servers in a hybrid-cloud product, allowing businesses to access on-site computing power as well as public-cloud assets.
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Check back closer to the market open for an update. Sonos Inc.—Down 16%: The speaker maker, which went public last month, posted quarterly sales roughly in line with analyst targets and gave in-line full-year revenue projections.
On September 10, Nutanix (NTNX) made a deal worth over $20 million with the US Department of Defense. The enterprise cloud business is seeing demand not only from public firms but also from government organizations. The Department of Defense will use Nutanix enterprise solutions in 15 remote locations.
Shares of Nutanix Inc. were up 3.7% in after-hours trading Monday after the software company announced that it has closed the largest deal in its history. The deal with a Department of Defense agency is valued at more than $20 million. The agency will use Nutanix's software to operate remote sites running two different networks. The deal closed in Nutanix's fiscal fourth quarter, the company said, which ended in July. Nutanix shares were up 138% over the past 12 months, as of Monday's close, while the S&P 500 had risen 17%.
Sonos SONO stock plunged more than 13 percent in after-hours trading after reporting third-quarter earnings , the company's first quarterly earnings report since its initial public offering in August. Casey's General Stores CASY stock rose over 3 percent in after-hours trading after the company reported first-quarter earnings that beat analysts' expectations. The convenience store chain reported $2.59 billion in revenue, higher than the $2.58 billion analysts expected.
Nutanix, Inc. (NASDAQ:NTNX), a leader in enterprise cloud computing, today announced it closed the largest deal in company history in Q4 of fiscal 2018, worth more than $20m with an agency in the U.S. Department of Defense. This customer selected the Nutanix Enterprise Cloud Platform software for its reliability and resiliency even at the edge after its previous solution was crippled by power losses and complex operations. According to IDC, “edge computing is growing increasingly important in IoT environments with intermittent access to connectivity, low tolerance for network latency, or high security requirements.”1 These remote sites require robust software platforms that can support specialized hardware and, more importantly, quickly and securely process data on-site, eliminating the challenges of transmitting vast amounts data back to a centralized cloud over unreliable network connections.
Nutanix , a leader in enterprise cloud computing, today announced that its management will be presenting at the following upcoming financial community event:
has been on a growth spurt since going public in September 2016. Shares of the cloud computing firm are up more than 69% since the beginning of this year. In its earnings release on Thursday, Nutanix beat market projections with $267.9 million in software and support revenue, representing 49% growth year-over-year, and $1.16 billion in total revenue for fiscal 2018, surpassing its goal of $1 billion by the company's 10th birthday.
Cloud software company Nutanix Inc (NASDAQ: NTNX ) reported Thursday after the market close with better-than-expected fiscal fourth-quarter results. The company's first-quarter guidance fell short of ...
Piper Jaffray's Andrew Nowinski wrote that the company's higher-than-expected operating-expense outlook for the fiscal first quarter was likely the reason for the stock's decline, but he argued that "the new term-based subscription offering should trump the higher opex." He reiterated his overweight rating and $66 price target. Raymond James analyst Simon Leopold upped his price target to $74 from $64, writing that "high expectations, increasing investment, and modeling complexity likely pressures the shares in the short term." Nonetheless, he anticipates growth acceleration driven by new opportunities in multi-cloud as well as new products.
Nutanix Inc (NASDAQ: NTNX ) shares were slipping Friday morning in reaction to the fiscal fourth-quarter results released after the close Thursday. The Analyst Morgan Stanley analyst Katy Huberty maintained ...