JMP Securities Reiterates a Buy Rating on Nutanix IncBy Ryan Adsit
According to TipRanks.com, Lucia is a 3-star analyst with an average return of 9.8% and a 50.0% success rate. Lucia covers the Technology sector, focusing on stocks such as Palo Alto Networks, Ubiquiti Networks, and Aerohive Networks.
Currently, the analyst consensus on Nutanix Inc is Moderate Buy and the average price target is $36.17, representing a 5.0% upside.
In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $38 price target.
Based on Nutanix Inc’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $140 million and GAAP net loss of $49.93 million. In comparison, last year the company earned revenue of $87.76 million and had a GAAP net loss of $38.55 million.
Nutanix, Inc. engages in enterprise virtualization and storage solutions. It operates through the following geographic segments: U.S.; Europe, the Middle East and Africa; Asia-Pacific; and Other Americas. It offers infrastructure management, server virtualization, enterprise applications, virtual desktop infrastructure, cloud development, data protection, and unified communication services. It provides its products under the Prism and Acropolis trademarks. The company was founded by Dheeraj Pandey, Ajeet Singh, and Mohit Aron in 2009 and is headquartered in San Jose, CA.