A lawsuit was filed on behalf of investors in Nutanix, Inc. (NASDAQ: NTNX) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 04/16/2019 -- An investor, who purchased shares of Nutanix, Inc. (NASDAQ: NTNX), filed a lawsuit against Nutanix, Inc. over alleged Securities Laws Violations.
Investors who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
San Jose, CA based Nutanix, Inc., together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. On February 28, 2019, Nutanix announced its second quarter fiscal 2019 results and reported third quarter guidance that was below analysts' expectations. Management acknowledged that "inadequate marketing spend for pipeline generation and slower than expected sales hiring" were the reasons for the weak guidance.
On March 1, 2019, Nutanix, Inc reported a loss of 23 cents per share for its fiscal second quarter of 2019. Additionally, Nutanix, Inc lowered guidance for the third quarter of fiscal 2019; revenues are projected between $290 million and $300 million versus consensus estimate for revenues of $347.3 million.
Shares of Nutanix, Inc. (NASDAQ: NTNX) declined to as low as $32.52 per share on March 4, 2019.
The plaintiff claims that beginning on March 2, 2018, Nutanix, Inc and its senior executives made repeated statements that Nutanix was investing heavily in growth while maintaining high profit margins. The plaintiff alleges that Nutanix senior officers, including its Chief Revenue Officer, took advantage of false statements by selling Nutanix common stock at inflated prices.
Those who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.