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

Nutanix was upgraded to the Zacks Rank #1 list on November 27, 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.

For fiscal 2025, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $1.44 per share. NTNX boasts an average earnings surprise of 48.5%.

Earnings are forecasted to see growth of 9.9% for the current fiscal year, and sales are expected to increase 14.4%.

Even more impressive, NTNX has gained in value over the past four weeks, up 7.4% compared to the S&P 500's gain of 3.1%.

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.

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