Advertisement
Canada markets open in 7 hours 25 minutes

  • S&P/TSX

    22,116.69
    -152.41 (-0.68%)
     

  • S&P 500

    5,283.40
    +5.89 (+0.11%)
     

  • DOW

    38,571.03
    -115.27 (-0.30%)
     

  • CAD/USD

    0.7327
    -0.0012 (-0.17%)
     

  • CRUDE OIL

    73.41
    -0.81 (-1.09%)
     

  • Bitcoin CAD

    94,057.61
    +297.29 (+0.32%)
     

  • CMC Crypto 200

    1,444.92
    -2.23 (-0.15%)
     

  • GOLD FUTURES

    2,367.90
    -1.40 (-0.06%)
     

  • RUSSELL 2000

    2,059.68
    -10.45 (-0.50%)
     

  • 10-Yr Bond

    4.4020
    -0.1120 (-2.48%)
     

  • NASDAQ futures

    18,641.75
    -4.50 (-0.02%)
     

  • VOLATILITY

    13.11
    +0.19 (+1.47%)
     

  • FTSE

    8,262.75
    -12.63 (-0.15%)
     

  • NIKKEI 225

    38,781.49
    -141.51 (-0.36%)
     

  • CAD/EUR

    0.6717
    -0.0010 (-0.15%)
     

The Zacks Rank Explained: How to Find Strong Buy Computer and Technology Stocks

Zacks Equity Research
·2 min read

It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.

Should You Buy #1 (Strong Buy)-Ranked Nutanix (NTNX) for Your Portfolio?

Nutanix was upgraded to the Zacks Rank #1 list on April 30, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

San Jose, CA-based Nutanix Inc. provides enterprise cloud operating system that combines server, storage, virtualization and networking software into one integrated solution. Nutanix’s solution can be delivered either as an appliance that is configured to order or as software only. The company currently offers two software product families — Acropolis and Prism.

ADVERTISEMENT

For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $1.10 per share. NTNX boasts an average earnings surprise of 72.3%.

Analysts are expecting earnings to grow 83.3% for the current fiscal year, with revenue forecasted to rise 14.8%.

NTNX has been moving higher over the past four weeks as well, up 5.2% compared to the S&P 500's gain of 0.2%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Nutanix could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nutanix (NTNX) : Free Stock Analysis Report

Zacks Investment Research