Nutanix Shares Face Mounting Pressure Following Guidance Cut

The stock of hybrid cloud infrastructure specialist Nutanix has encountered significant selling pressure in recent weeks. This downturn was triggered by a quarterly earnings report that fell short of expectations and a subsequent reduction in the company’s annual outlook, prompting analyst downgrades and attracting the attention of a shareholder rights law firm.

The financial community’s response to Nutanix’s latest update was swift. Multiple major institutions revised their assessments downward. JPMorgan reduced its price target to $65 from $78, while Bank of America lowered its target to $75 from $93. Research firm Zacks downgraded the equity from a “Strong Buy” to a “Hold” rating. These moves reflect diminished confidence in the company’s near-term Read more...