Wednesday, November 30, 2016

Nutanix reports a solid earnings release - Upgrades & Color

$NTNX Moving higher in the pre market after reporting solid earnings last night. Stock originally traded off $2 after the earnings headline.

Company sees Q2 adjusted EPS (36c)-(35c), consensus (37c)  Nutanix sees Q2 adjusted EPS (36c)-(35c), consensus (37c)

#Nutanix options imply 24.7% move in share price post-earnings, above median historical move

Nutanix should be bought on any weakness, says RBC Capital
RBC Capital analyst Matthew Hedberg says that Nutanix reported "strong" results, and he believes that the company's raised Q2 guidance "looks conservative." The analyst says that any weakness in the stock should be used "as an opportunity to own a disruptive vendor in the cross-hairs of hybrid-cloud computing." He raised his price target on the stock to $38 from $36 and keeps an Outperform rating on the shares.

Nutanix should be bought on weakness, says JMP Securities
After Nutanix reported stronger than expected results, JMP Securities analyst John Lucia says that the results were "positive," and notes that the company's billings jumped 87% year-over-year versus the consensus outlook of 63%. The analyst says that the results show "robust momentum in the hyperconverged market and continued market leadership." He recommends buying the shares on weakness.

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