Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Zone HPE Discover 2019 News Cisco Partner Summit 2019 News Cisco Wi-Fi 6 Newsroom Dell Technologies Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom IBM Newsroom The IoT Integrator Lenovo Newsroom Lexmark Newsroom NetApp Data Fabric NetApp Insight 2019 News Cisco Live Newsroom Intel Tech Provider Zone

Here Are 5 Reasons Why Nutanix’s Stock Price Is Dropping

These are the five main reasons why Nutanix’s stock is down 28 percent Thursday.

Back 1 ... 3   4   5   6  
photo

$217 Million Loss

For its second fiscal quarter 2020, Nutanix reported a loss per share of $1.13, or $217 million. In the same quarter one year ago, Nutanix reported a loss of $123 million, or $0.68 per share.

Needham Investment Banking lowered Nutanix’s target from $46 to $42 per share Thursday. Analyst Jack Andrew cited “near-term uncertainty” due to the coronavirus outbreak as one cause for the target cut.

However, Nutanix’s CEO said he is not worried about the stock drop or lowering its full- year 2020 fiscal guidance.

“Business is robust,” said Pandey. “We just have to be a little more cautious.”

 

 
 
Back 1 ... 3   4   5   6  

sponsored resources