Why Nutanix Tanked 20.1% This Week
Shares of Nutanix (NASDAQ: NTNX) dropped 20.1% this week, according to S&P Global Market Intelligence. The hybrid cloud company reported solid growth for its fiscal third quarter, but the results were well below the consensus analyst expectations. Revenue grew 17% year over year to $404 million, with annual recurring revenue (ARR) up 46% year over year to $1.1 billion.