Nutanix (NTNX) reported earnings on Thur 27 Aug 20 (a/h)

** charts before earnings **

 

** charts after earnings **

Nutanix beats by $0.28, beats on revs; CEO to retire; also announces that Bain Capital will invest in $750 mln in convertible notes

Reports Q4 (Jul) loss of $(0.39) per share, excluding non-recurring items, $0.28 better than the S&P Capital IQ Consensus of ($0.67); revenues rose 9.3% year/year to $327.87 mln vs the $319.46 mln S&P Capital IQ Consensus.

Co also announces that CEO Dheeraj Pandey plans to retire from the Nutanix management team upon the selection and appointment of Nutanix's next CEO. Pandey will remain Chairman and CEO while a formal search is conducted.

Co also announces that Bain Capital Private Equity will make an investment of $750 million in convertible notes. Nutanix plans to use the investment to support the Company's growth initiatives. In connection with the investment, David Humphrey and Max de Groen, Managing Directors of Bain Capital, will join the Nutanix Board of Directors.

Beyond Meat's IPO leads to a rare 2000-style stock surge

Beyond Meat Inc.’s first day of trading after its initial public offering brought the kind of stock surge that has been relatively rare since 2000, the year that an Internet-driven bull market ended. The producer of vegan beef and sausage substitutes soared 163 percent in its debut. Beyond Meat is only the eighth U.S. company in the past 18 years to climb at least 125 percent after completing an initial public offering of $100 million or more, according to data compiled by Bloomberg. The rest are shown in the chart. There were 29 in 2000 alone.

 

Nutanix (NTNX) : 1-year performance

 

Nutanix (NTNX) began trading on Nasdaq on 30 Sept 2016

• Lockup Period (days)‎: ‎180
• Quiet Period Expiration‎: ‎11/9/2016
• Share Price‎: ‎$16.00
• Shares Offered‎: ‎14,870,000

Key stats and ratios

	Q1 (Jan '17)	2016
Net profit margin	-51.16%	-37.87%
Operating margin	-50.65%	-37.09%
EBITD margin	-	-31.15%
Return on average assets	-56.69%	-51.93%
Return on average equity	-246.34%	-
Employees	1,980

Address

1740 Technology Dr Ste 150
SAN JOSE, CA 95110-1348
United States 

Website 

http://www.nutanix.com

Nutanix shares more than doubled in their first day of trading on Friday, the strongest first-day gain for a new technology stock offering so far this year.

The company, a provider of cloud-based storage for businesses, waited nine months for its initial public stock offering as choppy markets kept many other private companies away. Nutanix was one of the few venture capital-backed start-ups brave enough to file plans for its initial offering last year. Shares surged 66 percent at the open of trading and finished the day up 131 percent.

So far in 2016, 17 tech companies have listed in the United States, the lowest number since 11 deals in 2009, according to data from Dealogic. Before Nutanix, this year’s new listings were trading an average of 72 percent above their offer prices, compared with an average of 35 percent across all sectors for domestic initial public offerings. Nutanix’s gain beats that of the cloud communications provider Twilio, which jumped 92 percent on its first day in June.

The pop suggests that investors are still eager for hot tech offerings after all. After much anticipation, Nutanix priced its $238 million offering Thursday evening, with a valuation of $2.18 billion — slightly higher than the one it received in the private markets two and a half years ago.

Although Nutanix did not receive the large premium that its latest investors would have liked, the company, which was founded seven years ago, avoided the fate feared by others of pricing shares at a steep discount to their most recent private funding round. Nutanix’s shares are listed on Nasdaq under the ticker symbol NTNX.