Needham & Company Downgrades Tintri Inc. (TNTR) to Hold
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Price: $0.16 --0%
Rating Summary:
0 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 36
Rating Summary:
0 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 36
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Needham & Company downgraded Tintri Inc. (NASDAQ: TNTR) from Buy to Hold.
Analyst Jack Andrews sees too much uncertainty over the near and long-term. Specifically, the cited two reasons:
- First, a combination of a lowered growth outlook and yesterday’s 8k filing signal a clear loss of business momentum.
- Second, given the company’s historical cash burn rate as well as our expectations for continued cash consumption over the next few quarters, we believe uncertainty regarding the company’s capital structure will become more prevalent, which will likely dampen investor sentiment.
For an analyst ratings summary and ratings history on Tintri Inc. click here. For more ratings news on Tintri Inc. click here.
Shares of Tintri Inc. closed at $3.05 yesterday.
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