UPDATE: Raymond James Downgrades Nutanix (NTNX) to Market Perform

March 4, 2019 6:03 AM EST
Get Alerts NTNX Hot Sheet
Price: $36.49 +0.83%

Rating Summary:
    18 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 11 | New: 19
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(Updated - March 4, 2019 7:44 AM EST)

(updated to add analyst comments)

Raymond James analyst Simon Leopold downgraded Nutanix (NASDAQ: NTNX) from Outperform to Market Perform.

Leopold said after speaking to management over the weekend, they concluded that they should step to the sidelines. "We believe it will take six to twelve months to refill the sales pipeline," he said. "The execution realignment leaves us with increased expense assumptions."

For an analyst ratings summary and ratings history on Nutanix click here. For more ratings news on Nutanix click here.

Shares of Nutanix closed at $33.60 yesterday.

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