Why Nutanix Stock Lost 27% Last Month
Shares of Nutanix (NASDAQ: NTNX) tumbled last month after the maker of hyperconvergence infrastructure -- which handles computing, storage, and networking needs -- offered underwhelming guidance in its second quarter, blaming the COVID-19 coronavirus and faster-than-expected acceleration to subscription-based revenue.
As a result, the stock finished February down 27%, according to data from S&P Global Market Intelligence.
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Source Fool.com
