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NTNX

Nutanix

$25.85

-0.42 (-1.60%)

08:21
07/11/19
07/11
08:21
07/11/19
08:21

Nutanix checks show early signs of an upswing, says William Blair

After Nutanix's business started the calendar year with a six-month "rough patch," recent reseller commentary points to the early stages of an upswing, William Blair analyst Jason Ader tells investors in a research note. The resellers note a "solid pace" to their Nutanix business in the July quarter with a growing number of seven-figure deals, an improving pipeline, and good distribution across commercial and public sector accounts and across workloads, adds the analyst. He finds Nutanix's valuation "compelling" at current share levels and reiterates an Outperform rating on the name.

NTNX Nutanix
$25.85

-0.42 (-1.60%)

05/31/19
NEED
05/31/19
NO CHANGE
Target $46
NEED
Buy
Nutanix price target lowered to $46 from $63 at Needham
Needham analyst Jack Andrews lowered his price target on Nutanix to $46 after its "mixed" Q3 results saw a beat on earnings and gross margins and a miss on revenue and billings. The analyst notes that the accelerated shift to term-based licenses "accentuated the compression of billings and revenue" as up-front recognition of revenues was reduced, even though he sees the impact of the transition as "incremental" in terms of the company's "lead generation, go-to-market of new products, and changes to the sales organization." Based on his view of continued robust demand for Nutanix's HCI and cloud-based services, Andrews keeps his Buy rating.
05/31/19
WBLR
05/31/19
NO CHANGE
WBLR
Outperform
Nutanix shares 'fairly washed out' amid selloff, says William Blair
Following another "disappointing" quarter, Nutanix (NTNX) management pushed out the prospect of a full recovery with Q4 revenue, billings, and earnings guided well below consensus, William Blair analyst Jason Ader tells investors in a research note. The analyst attributes the weakness to weak sales execution, a faster than expected transition to a subscription business model, and increased competition from main rival Dell Technologies (DELL) / VMware (VMW). Ader, however, believes Nutanix shares are "fairly washed out at this point." As such, he sees a favorable risk/reward equation and keeps an Outperform rating on Nutanix.
05/31/19
05/31/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Mallinckrodt (MNK) downgraded to Neutral from Overweight at Piper Jaffray with analyst David Amsellem stating last week's developments regarding Acthar in the Medicaid setting, along with as much as a $600M Centers for Medicare & Medicaid Services-related liability, "essentially blew" his prior investment thesis to "smithereens." 2. Nucor (NUE) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners incorporating a lower near-term forecast for prices, especially for sheet and rebar, and a lower 2021-2022 forecast given expectations for a looming glut in steel. 3. J.Jill (JILL) downgraded to Hold from Buy at Deutsche Bank with analyst Lorraine Hutchinson stating that she expects the stock's multiple to contract due to the company's slower growth. 4. Nutanix (NTNX) downgraded to Neutral from Overweight at Piper Jaffray with analyst Andrew Nowinski citing the company's "continued execution issues," which he attributes partially to increasing competition. 5. Zuora (ZUO) downgraded to Buy from Strong Buy at Needham with analyst Scott Berg saying that the stock could be "dead money" for the next 1-2 quarters, noting that the sales issues are more concerning than the product issues and may require a change in sales leadership. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/08/19
SBSH
07/08/19
DOWNGRADE
Target $55
SBSH
Sell
NetApp downgraded to Sell from Neutral at Citi
Citi analyst Jim Suva downgraded NetApp (NTAP) to Sell from Neutral and lowered his price target for the shares to $55 from $67. The competitive landscape with Dell (DELL) against the slowing macro environment adds more pressure to the company, Suva tells investors in a research note. The analyst says he's picked up recent competitive pressures against NetApp by Dell, Hewlett-Packard Enterprise (HPE), Pure Storage (PSTG) and Nutanix (NTNX). As a result, Suva expects share and margin pressures for NetApp.

TODAY'S FREE FLY STORIES

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CAMP

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PPG

PPG

$116.49

-0.115 (-0.10%)

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ZBRA

Zebra Technologies

$180.92

-16.74 (-8.47%)

13:40
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Notable vol spike in Zebra Technologies as shares sell off »

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TELL

Tellurian

$6.98

0.31 (4.65%)

13:40
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JLL

Jones Lang LaSalle

$140.05

0.585 (0.42%)

13:32
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07/18
13:32
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13:32
Conference/Events
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GOSS

Gossamer Bio

$19.60

-0.48 (-2.39%)

13:30
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13:25
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Cowen healthcare/biotech analysts to hold an analyst/industry conference call »

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PEP

PepsiCo

$132.17

-0.6 (-0.45%)

13:24
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13:24
Periodicals
Breaking Periodicals news story on PepsiCo »

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13:20
07/18/19
07/18
13:20
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13:20
General news
Treasury's $14 B 10-year TIPS sale was on the soft side »

Treasury's $14 B…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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Technical Analysis
NYSE market internals summary »

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UNIT

Uniti Group

$8.55

-0.03 (-0.35%)

13:15
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Options
Uniti Group put volume heavy and directionally bearish »

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  • 08

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13:09
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General news
10-Yr TIPS Auction Coupon Rate data reported »

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10-Yr TIPS Auction Total Amount data reported »

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TELL

Tellurian

$6.99

0.32 (4.80%)

13:05
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Options
Tellurian call volume above normal and directionally bullish »

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12:57
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Stephens architecture analysts to hold analyst/industry conference call nosymbol »

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EMR

Emerson

$64.26

-0.4 (-0.62%)

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Facebook

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  • 24

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DHR

Danaher

$141.79

2.19 (1.57%)

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AXP

American Express

$128.02

0.975 (0.77%)

, V

Visa

$179.16

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AXP

American Express

$128.02

0.975 (0.77%)

V

Visa

$179.16

(0.00%)

MA

MasterCard

$275.83

0.49 (0.18%)

UBER

Uber

$43.74

0.12 (0.28%)

LYFT

Lyft

$65.51

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WU

Western Union

$20.42

0.02 (0.10%)

BBVA

Banco Bilbao

$5.42

-0.055 (-1.01%)

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BUD

AB InBev

$88.73

0.31 (0.35%)

, KKR

KKR

$25.38

-0.08 (-0.31%)

12:36
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Periodicals
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BUD

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$88.73

0.31 (0.35%)

KKR

KKR

$25.38

-0.08 (-0.31%)

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