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Stock impact report

Nutanix stock gets a double downgrade at Goldman Sachs [MarketWatch]

Nutanix, Inc. - Class A (NTNX) 
Last nutanix, inc. - class a earnings: 2/26 04:02 pm Check Earnings Report
Company Research Source: MarketWatch
Shares of Nutanix Inc. are off 1.4% in Friday trading after Goldman Sachs analyst Rod Hall lowered his rating on the stock by two notches, to sell from buy. "While we continue to believe Nutanix has a solid technology offering, we are increasingly concerned about its ability to return to revenue growth while reducing opex/sales to maintain adequate cash on the balance sheet," he wrote. Hall worries about Nutanix's free-cash burn as well as revenue pressures if medium-sized businesses start pulling back. He lowered his price target to $15 from $47 in conjunction with the downgrade. Hall also double downgraded Sonos Inc. shares and downgraded Apple Inc. [S: AAPL] and Qualcomm Inc. shares by a single notch. Nutanix shares have lost 51% over the past three months while the S&P 500 has declined 15%. Show less Read more
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