Nutanix Inc Gets a Buy Rating from Robert W. Baird

By Carrie Williams

In a report released today, Jayson Noland from Robert W. Baird reiterated a Buy rating on Nutanix Inc (NASDAQ: NTNX). The company’s shares closed yesterday at $17.57, close to its 52-week low of $14.38.

Noland noted:

“We continue to view Nutanix as the category leader in an increasingly important part of the Enterprise IT market. FQ3’17 results. Nutanix reported FQ3 revenue/non-GAAP EPS of $192M/($0.78) versus consensus of $187M/($0.45).”

According to, Noland is a 3-star analyst with an average return of 3.0% and a 45.5% success rate. Noland covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Riverbed Technology, and Palo Alto Networks.

Currently, the analyst consensus on Nutanix Inc is Moderate Buy and the average price target is $31.43, representing a 78.9% upside.

In a report issued on May 23, Maxim Group also reiterated a Buy rating on the stock with a $41 price target.

Based on Nutanix Inc’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $182 million and GAAP net loss of $93.21 million. In comparison, last year the company earned revenue of $115 million and had a GAAP net loss of $46.82 million.

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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.