Riding High: Nutanix

(RTTNews) - Shares of enterprise cloud company Nutanix Inc. (NTNX), which touched a new 52-week high of $34.83 on Friday, have gained more than 20% in the last 1 month.

The Nutanix Enterprise Cloud Platform provides customers a converged and simplified infrastructure stack, as well as streamlined and simplified management operations. The Company serves a broad range of industries, including automotive, consumer goods, education, energy, financial services, healthcare, manufacturing, media, public sector, retail, technology and telecommunications.

As of July 31, 2017, Nutanix had 7,051 end-customers, including 559 Global 2000 enterprises, spanning more than 125 countries. Activision Blizzard Inc., Best Buy Co., Inc., Covance Inc., Jabil Circuit, Inc., Kellogg Co., NASDAQ Inc., Nintendo Co., Ltd., Nordstrom, Inc., NTT SmartConnect Corp., Total S.A., Toyota Motors of North America, U.S. Department of Defense Office of the Secretary of Defense and Yahoo! JAPAN Corp. are some of the Company's end-customers.

Since selling its first product in fiscal 2012, Nutanix has expanded in a record-breaking fashion.

Now, let's take a look at how the Company's key financial metrics have fared in the last two fiscal years. The Company's fiscal year ends on July 31st.

*Billings is a non GAAP performance measure which represents the amounts under binding purchase orders received by the Company during a given period that have been billed.

All the above-mentioned metrics are non GAAP financial measures.

What's Next?

The Company is slated to report fiscal 2018 first quarter financial results after market close on November 30, 2017.

For the first quarter ended October 31, 2017, Nutanix expects:

-- Revenues between $240 and $250 million -- Non-GAAP gross margin of about 58% -- Non-GAAP net loss per share of $0.37.

The consensus forecast among analysts polled by Thomson Reuters for Nutanix's Q1 revenue is $266.86 million and for loss per share, it is $0.26.

Nutanix went public on the NASDAQ Global Select Market on September 30, 2016, offering its shares at a price of $16.00 each. The stock received a warm reception from investors on its market debut, surging more than 130% that day.

NTNX has thus far hit a low of $14.38 and a high of $34.83. The stock closed Friday's (Nov.24) trading at $34.30, up 3.38%.