03-02-2019, 08:20 AM
Taking quite a hit at Q2 2019..
Nutanix analyst commentary at BTIG Nutanix price target lowered to $50 from $60 at BTIG. BTIG analyst Edward Parker lowered his price target on Nutanix to $50, saying the company's Q2 results were "strong" but the outlook for Q3 was "terrible". The analyst attributes the "fumble" to sales execution issues, lower than expected sales rep growth, and under-investment in demand generation activity in the past year. Parker is keeping his Buy rating on Nutanix however, saying the company remains the "standard bearer" in the "hyperconverged movement" in spite of its "alarming" revenue expectations reset and negative leverage on margins.
Breaking News: NTNX latest news. - The Fly
Nutanix analyst commentary at Maxim Nutanix price target lowered to $62 from $72 at Maxim. Maxim analyst Nehal Chokshi lowered his price target on Nutanix to $62 after its Q2 earnings miss, saying that while the quarter's large deal metrics were solid, the weak billings growth suggests the company is "underspending on lead generation". The analyst also keeps his Buy rating on the shares and believes that sales productivity will recovery by mid-FY20.
Breaking News: NTNX latest news. - The Fly