| Thursday | ||||
Unusual total active… Unusual total active option classes on open include: Five Below (FIVE), TJX (TJX), Nutanix (NTNX), Best Buy (BBY), iShares China Large Cap ETF (FXI), Macy's (M), Boeing (BA), Baidu (BIDU), Moderna (MRNA), and Alibaba (BABA). | ||||
JPMorgan analyst Pinjalim… JPMorgan analyst Pinjalim Bora lowered the firm's price target on Nutanix to $24 from $27 and keeps a Neutral rating on the shares after taking over lead coverage of the name. The anlayst is encouraged by the optimism around the Nutanix-HPE solution as well as the positive sentiments shared about Nutanix's competitive position and its long-term prospects. | ||||
| Wednesday | ||||
Bullish option flow… Bullish option flow detected in Nutanix with 48,509 calls trading, 18x expected, and implied vol increasing almost 8 points to 106.26%. 5/29 weekly 25 calls and 5/22 weekly 23 calls are the most active options, with total volume in those strikes near 37,600 contracts. The Put/Call Ratio is 0.05. Earnings are expected on May 27th. | ||||
| Over a week ago | ||||
OTR Global downgraded… OTR Global downgraded Nutanix to Mixed from Positive following checks that projects were shelved in favor of crisis spending during Q3 2020, impacting sales and creating uncertainty about Q4 2020 deal timing. | ||||
Nutanix filed warning… Nutanix filed warning notices with state of California, according to Bloomberg. | ||||
Duston Williams, CFO,… Duston Williams, CFO, says: "While we have continued to see steady demand for our hybrid cloud solutions, there is a significant level of uncertainty regarding the ongoing impact of COVID-19 on our customers and end markets over the coming quarters. As we said we would in our last earnings call, we have been proactively and prudently managing expenses to help ensure the long-term health of our business during this pandemic. In addition, as a result of these uncertainties we are withdrawing our guidance for fiscal 2020, which we provided on February 26, 2020, as well as our business model targets for calendar 2021, which we discussed during our Investor Day in March 2019 and which included, among other things, a target for achieving $3 billion in TCV billings." | |
For the fiscal third… For the fiscal third quarter, the company expects total revenue to be between $312 and $317 million, up 8% to 10% year-over-year. Total revenue growth rate reflects the top line compression resulting from the company's ongoing transition to a subscription business model and away from selling hardware. TCV revenue is expected to be between $307 and $312 million, up 16% to 17% year-over-year, in line with prior guidance of $300 to $320 million. TCV billings is expected to be between $371 and $376 million, up 14% to 16% year-over-year, in line with prior guidance of $365 to $385 million. The growth rates of TCV revenue and TCV billings reflect the top line compression resulting from the company's ongoing transition to a subscription business model. These results are preliminary and unaudited, and are subject to adjustment during the company's regular quarterly close process. | |
Nutanix (NTNX) and Wipro… Nutanix (NTNX) and Wipro (WIT) announced the launch of Wipro's digital database services, or DDS, powered by Nutanix Era and Nutanix HCI software. This offering will enable enterprises to manage databases. Wipro's DDS, built on Nutanix solutions for databases including Nutanix HCI software and Nutanix Era, allows enterprises and users to provision and manage databases without prior knowledge of hardware, database software and associated configurations. The result is accelerated application release time, allowing database administrators to focus on new innovation instead. The DDS offering from Wipro, powered by Nutanix, enables customers to consolidate their database workloads onto a shared infrastructure to manage database sprawl. | |
Nutanix announced that… Nutanix announced that Alabama Agricultural and Mechanical University, or AAMU, selected the company to deliver a scalable private cloud infrastructure to support the university's digital transformation. AAMU functions as a teaching, research and public service institution. AAMU's infrastructure did not support the university's changing digital needs. To bring this vision into reality, AAMU partnered with Nutanix to deliver a private cloud solution that was secure so it could adapt to AAMU's needs as well as those of other universities. The Nutanix hyperconverged infrastructure, or HCI, platform offers a solution that gives IT teams the choice to work with the technology that suits their academic and administrative needs. | |
Needham analyst Jack… Needham analyst Jack Andrew lowered the firm's price target on Nutanix to $24 from $42 but keeps a Buy rating on the shares as part of a broader research note on select Software and Services names. The analyst states that while the company is seeing some strength from its business in the current work-from-home environment - particularly around the virtual desktop infrastructure - its reliance on a "high-touch sales engagement model" may make execution more difficult in the current environment. |