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Nutanix (NTNX) Unveils Nutanix Central Management Platform

Zacks Equity Research
·3 min read

Nutanix NTNX recently launched a cloud-based solution that offers a single console for visibility, monitoring and management across public cloud, on-premises, hosted and edge environments — Nutanix Central.

The platform supports multi-domain use cases like federated identity and access management, global projects and categories and global fleet management. It simplifies management at a large, federated scale across endpoints enabling IT teams to deliver self-service infrastructure at scale. Its dashboard enables clients to get access to domain and cluster-level metrics, such as capacity utilization and alert summary statistics. Also, the dashboards ensure that Nutanix clients can navigate to individual domains, based on individual user role-based access control, across all the registered domains.

The Nutanix Central platform extends the universal cloud operating model of the Nutanix Cloud Platform to break down silos and simplify consistently managing apps and data anywhere. Part of the Nutanix Cloud Infrastructure license, the Central platform will allow customers to discover, deploy and manage Nutanix solutions and interoperable partner solutions.

With the latest release, Nutanix has brought in new advancements in its Nutanix Cloud Platform to support higher performance and more secure applications and data, to be managed through Nutanix Central. These capabilities are available to the customers at present.

Nutanix Price and Consensus

Nutanix Price and Consensus
Nutanix Price and Consensus

Nutanix price-consensus-chart | Nutanix Quote

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Further, the company will deliver enhanced software-defined networking and simplified micro-segmentation capabilities across customer, partner and hyperscaler-owned networks by using Flow Virtual Networking (FVN) capabilities and Flow Network Security (FNS) features. These features will allow customers to exercise defense in depth for greater cyber resilience.

While FVN functionalities are currently available to customers, Nutanix Central and FNS functionalities are in the development stage.

Nutanix is benefiting from the solid adoption of its Hybrid cloud solutions and an expanding clientele. The company’s adoption rate of AHV hypervisor has been strong as customers continue to opt for it as a low-cost alternative to other vendor offerings. The Zacks Consensus Estimate of NTNX’s third-quarter fiscal 2023 revenues is pegged at $431.1 million, suggesting a 6.8% surge.

Zacks Rank & Key Picks

Nutanix currently carries a Zacks Rank #3 (Hold). Shares of NTNX have gained 15.8% over the past year.

Some top-ranked stocks from the broader Computer and Technology sector are Meta Platforms META, Momo MOMO and ServiceNow NOW. While Meta Platforms and Momo sport a Zacks Rank #1 (Strong Buy), ServiceNow carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Meta Platforms' second-quarter 2023 earnings has been revised 14% upward to $2.79 per share over the past 30 days. For 2023, earnings estimates have moved north by 12.1% to $11.76 in the past 30 days.

META’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, missing twice, the average surprise being 15.5%. Shares of the company have gained 18.1% in the past year.

The Zacks Consensus Estimate for Momo’s first-quarter 2023 earnings has been revised southward from 36 cents to 32 cents per share over the past 30 days. For 2023, earnings estimates have moved down by 3 cents to $1.55 in the past 30 days.

MOMO's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 31.9%. Shares of the company have gained 62.7% in the past year.

The Zacks Consensus Estimate for ServiceNow’s second-quarter 2023 earnings has been revised northward by 11 cents to $2.04 per share over the past 30 days. For 2023, earnings estimates have moved up by 39 cents to $9.54 in the past 30 days.

NOW's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 10.4%. Shares of the company have inched up 2.1% in the past year.

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Zacks Investment Research