Is Now a Good Time to Buy This Beaten-Down Cloud Stock?
Nutanix's (NASDAQ: NTNX) sales execution issues have crushed its stock this year. The cloud computing provider has admitted that it has failed to pull the right strings to boost sales, and investors are justifiably concerned.
However, with the share price down nearly 40% in 2019 as of this writing, and with Nutanix asserting that it can deliver stronger growth in the upcoming year, now might be a good time to invest in the stock. But is that a risk worth taking given the challenges the company has faced in recent months?
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