How to Buy Nutanix Stock
Nutanix Inc
Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.
Nutanix stock last closed at $60.71, down 2.72% from the previous day, and has increased 138.36% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.27 percentage points. Nutanix stock is currently +160.06% from its 52-week low of $23.35, and -9.37% from its 52-week high of $66.99.
At the moment, there are 244.33M shares of NTNX outstanding. The market capitalization of NTNX is $14.83B. In the past 24 hours, 1.83M NTNX shares were traded.
How to Buy Nutanix Stock
Wondering how to invest in Nutanix stock? Here's how.
- Decide where to buy Nutanix stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Nutanix stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Analyze Nutanix stock: The Nutanix ticker symbol is NTNX. Is Nutanix stock a good investment? Should you buy shares of NTNX? How do NTNX's underlying business fundamentals look? Do top analysts think Nutanix is a good buy? Why has NTNX's stock price moved recently? (Hint: Our stock research tools can help you figure out if NTNX is a good stock to buy).
- Execute your NTNX buy order: Decide if you will purchase NTNX shares at the current market price or use a limit order to purchase NTNX shares at a given price.
- Keep tabs on your NTNX position: Create a watchlist to important updates regarding your new investment in Nutanix stock.
Step 1: Decide where to buy Nutanix stock
You need a brokerage account to access the NASDAQ market and buy NTNX stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal details so you can invest in NTNX stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you've filled out your info on the best stock market app, you need to deposit funds:
Check out the tutorial below if you need help depositing money into your investment account.
Step 4: Analyze Nutanix stock
Once you have selected the best place to buy Nutanix stock, it's very important to research their stock before you invest, so you truly understand the risk and upside.
Nutanix shares data
Fundamentals of Nutanix
WallStreetZen was built to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on NTNX's stock page.
Is NTNX stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge NTNX's true value.
You can do additional valuation research on NTNX's stock here.
NTNX Financials at a glance
Positive Financial Indicators:
- NTNX's operating cash flow of $464.69M allows it to safely service it's debt of $1.35B.
- NTNX profit margin has gone up from -25.4% to -3.3% in the past year.
- There are more short-term assets than short-term liabilities on the NTNX balance sheet.
Negative Financial Indicators:
- NTNX debt to equity ratio of -5.46 is negative.
- Total NTNX debt is still negative.
- NTNX earnings of -$44.73M is not sufficient to cover its interest payments.
- There are more long-term liabilities than short-term assets on the NTNX balance sheet.
Do Wall Street analysts think it's a good time to buy Nutanix stock
Out of 11 sell side analysts who monitor NTNX, the consensus analyst rating on Nutanix is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent NTNX Analyst Ratings
Wamsi Mohan, a top 6% analyst from Bank of America maintains NTNX with a strong buy rating and raises their NTNX price target from $55.00 to $65.00, on Feb 29, 2024.
James Fish, a top 21% analyst from Piper Sandler maintains NTNX with a strong buy rating and raises their NTNX price target from $67.00 to $76.00, on Feb 29, 2024.
Mike Cikos, a top 4% analyst from Needham maintains NTNX with a buy rating and raises their NTNX price target from $62.00 to $72.00, on Feb 29, 2024.
Tim Long, a top 4% analyst from Barclays maintains NTNX with a strong buy rating and raises their NTNX price target from $49.00 to $68.00, on Feb 29, 2024.
Barclays's Tim Long raised their price target on Nutanix (NASDAQ: NTNX) by 38.8% from $49 to $68 on 2024/02/29. The analyst maintained their Strong Buy rating on the stock.
Thanks to robust renewals, Nutanix was able to post a solid quarterly print, improving results across key areas, Long said to sum up the company's Q2 2024 earnings result released on 2024/02/28.
"Hybrid computing is still in high demand," the analyst noted.
Earnings Report
For Q2 2024, Nutanix reported:
- EPS of $0.46, which beat the Zacks Consensus Estimate by 58.62% and, by 283.3%, Q2 2023’s $0.12.
- Revenue of $565.2M, which beat the Zacks Consensus Estimate by 2.43% and, by 16%, Q2 2023’s $486.5M.
- ACV (Annual Contract Value) billings of $329.5M, up 23% Y/Y.
- Gross margin of 87.3%, up 250 bps Y/Y.
- Operating margin of 21.9%
Management guided:
For Q3 2024:
- Revenue of $510M to $520M.
- ACV billings of $265M to $275M.
- Gross margin of 85%.
- Operating margin of 7.5% to 8.5%.
For FY 2024:
- Revenue of $2.12B to $2.15B.
- ACV billings of $1.09B to $1.11B.
- Gross margin of 85% to 86%.
- Operating margin of 12.5% to 13.5%.
President & CEO Rajiv Ramaswami commented: “Our disciplined execution enabled us to deliver a solid Q2 financial performance against an uncertain, but stable macro backdrop.
“We continue to remain focused on being a long-term strategic and innovative partner to our customers as they look to operate in a hybrid multi-cloud world.”
CFO Rukmini Sivaraman added, “Our Q2 results demonstrated a good balance of top and bottom line performance with 26% Y/Y ARR growth and strong free cash flow generation.
“We also achieved GAAP operating profitability for the first time, reflecting the progress we’ve made in driving operating leverage in our model and optimizing the difference between our GAAP and non-GAAP results.”
Erik Suppiger, a top 4% analyst from JMP Securities maintains NTNX with a buy rating and raises their NTNX price target from $50.00 to $70.00, on Feb 5, 2024.
You can dive deeper into what analysts are projecting on the Nutanix stock forecast page.
NTNX Trading Indicators
NTNX Performance Numbers
Last year, NTNX revenue was $2.02B. During the last 5 year, NTNX's revenue has grown by 10.21% per year. This was slower than the Software - Infrastructure industry average of 16.98%.
Learn more about NTNX's earnings and revenue performance here.
Are NTNX insiders buying or selling the stock?
In the past year, insiders at NTNX have sold more shares than they have bought.
Rukmini Sivaraman, Chief Financial Officer of NTNX, was the latest NTNX insider to sell. They sold $2,986,184.55 worth of NTNX shares on Apr 10, 2024.
Get more info about who owns NTNX stock here.
Does NTNX provide a stable income stream?
No, Nutanix doesn't provide an income stream by paying out dividends.
What do other traders have to say about NTNX?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Execute your NTNX buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Hit the Open Trade button and your broker will place your order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your NTNX position
Now that you own some NTNX stock, you'll want to keep up with your investment.
Create a watchlist to get alerted to the latest events about your NTNX stock.
NTNX Feed
How to Buy Stock in Nutanix
To reiterate, here are the 6 steps you need to take to buy Nutanix stock right now:
- Decide where to buy Nutanix stock
- Create a brokerage account
- Deposit funds into your investment account
- Analyze Nutanix stock
- Execute your NTNX buy order
- Keep tabs on your NTNX position
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Nutanix, click below.
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