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0.000297265160523128 -0.000594530321046255 -0.000297265160523128 0.00133174791914394 -0.00356718192627816 -0.00505350772889422 -0.000594530321046255 0.00178359096313919
Stock impact report

Nutanix Gets Double Downgrade to Sell by Goldman [TheStreet.com]

Nutanix, Inc. - Class A (NTNX) 
Last nutanix, inc. - class a earnings: 2/26 04:02 pm Check Earnings Report
Company Research Source: TheStreet.com
Nutanix(NTNXGet Reportman analysts, led by Rod Hall, were “driven by the ongoing free cash flow burn and high operating expenses,” they wrote in a report. “We also expect revenue to be significantly impacted by Covid-19, particularly from medium-sized business customers.”The analysts hold strong to their belief that “Nutanix has a solid technology offering.” But they are “increasingly concerned about its ability to return to revenue growth while reducing operating expenses/sales to maintain adequate cash on the balance sheet.”Nutanix has underperformed the overall market due to potential impacts from the coronavirus epidemic, the analysts said. Over the past three months, Nutanix has cratered 53%, compared to a 14% slide for the S&P 500.The man analysts slashed their revenue forecast for Nutanix by 9% for fiscal 2020, which ends July 31, and 17% for fiscal 2021.They sliced their share-price target to $15 from $47. That’s “70% based on a fundamental valuation of 1.5 times Q5-Q8 enterpr Show less Read more
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