Today’s Research Reports on Stocks to Watch: Nutanix and Shopify

NEW YORK, NY / ACCESSWIRE / January 26, 2018 / Shares of Nutanix headed lower on Thursday after J.P. Morgan downgraded the stock from “neutral” to “underweight” as he cited concerns that a change to the company’s sales leadership team might also be disruptive. Shares of Shopify saw gains of over 4% yesterday despite any catalyst to explain the move. The company had gains of over 149% in last one year and is scheduled to report its quarterly results in mid-February.

RDI Initiates Coverage on:

Nutanix, Inc.
https://rdinvesting.com/news/?ticker=NTNX

Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP

Nutanix, Inc. shares closed down 8.76% on about 9.4 million shares traded on Thursday. Trading volume was more than two times higher than usual for the stock after the firm J.P. Morgan had some concerns to share. Analysts at J.P. Morgan downgraded Nutanix to “underweight” from “neutral” expressing that the company’s shares could drag behind peers soon. Mark Murphy led the team of analysts who believe that the company’s transition to a more software-oriented model could “create near-term business disruption.” The company last reported its results back in November where it beat analysts’ expectations with EPS of ($0.16). Analysts had been expecting EPS of ($0.26). Revenue at $275.60 million for the quarter also beat the consensus estimate of $267.02 million. In the last one year, shares of the stock have seen a gain of 17%.

Access RDI’s Nutanix, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NTNX

Shopify Inc. shares closed up 4.37% on about 1.9 million shares on Thursday. There was no remarkable news yesterday to explain the gains however. The stock was a high growth runner last year, seeing gains of 135%. According to S&P Global Market Intelligence, Shopify shares climbed 135.6% in 2017. The e-commerce site, which sells online services to companies, reported top line quarterly results all year and customer growth. Earlier in the month when traders learned just how well the stock did last year, shares broke out and saw gains of 18.5% following the announcement. The company is expected to announce its fourth quarter earnings results ended December 31, 2017 on February 15th before the bell.

Access RDI’s Shopify Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SHOP

Our Actionable Research on Nutanix, Inc. (NASDAQ: NTNX) and Shopify Inc. (NYSE: SHOP) can be downloaded free of charge at Research Driven Investing.

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