RBC Capital Mkts Just Issued “Outperform” Rating on Nutanix (NTNX)

Nutanix (NTNX) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 34 from a previous price target of $38 . RBC Capital Mkts advised their Clients and Investors in a research report released on Mar 3, 2017.

Based on several research reports , Nutanix was Downgraded by Morgan Stanley to ” Underweight” on Mar 3, 2017. Shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform” and Lowered the Price Target to $ 34 from a previous price target of $38 .Nutanix was Downgraded by Morgan Stanley to ” Underweight” on Mar 3, 2017. Shares were Reiterated by RBC Capital Mkts on Mar 3, 2017 to “Outperform” and Lowered the Price Target to $ 34 from a previous price target of $38 .FBN Securities Initiated Nutanix on Jan 11, 2017 to “Sector Perform”, Price Target of the shares are set at $30.

On the company’s financial health, Nutanix reported $-0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Mar 2, 2017. Analyst had a consensus of $-0.35. The company had revenue of $182.20 million for the quarter, compared to analysts expectations of $178.40 million. The company’s revenue was up 77.4% compared to the same quarter last year.

Nutanix opened for trading at $29.85 and hit $30.375 on the upside on Monday, eventually ending the session at $30.12, with a gain of 1.01% or 0.3 points. The heightened volatility saw the trading volume jump to 5,31,005 shares. Company has a market cap of $4,285 M.

Nutanix

You might also like

Leave a Reply

Your email address will not be published. Required fields are marked *