SAN DIEGO, CA / ACCESSWIRE / April 22, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Nutanix, Inc. (NTNX) shares.
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.
Then, on March 29, 2019, a lawsuit was filed against Nutanix, Inc. over alleged Securities Laws Violations. The plaintiff alleges that 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 Nutanix, Inc. (NTNX) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.
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