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Nutanix Shares Plunge On Weak Outlook; CEO Says 'Execution' in Focus

Annie Gaus

Nutanix shares plummeted almost 20% on Friday morning after a grim earnings report showed a downtick in revenue and disappointing outlook for the cloud storage firm. Nutanix shares were down 18.9% on Friday to $26.55, continuing a downward trend for Nutanix shares this year. Year to date, Nutanix shares are now down almost 37%.