Nutanix, Inc. (NTNX) once was considered a very promising high growth stock investment and a leader in the hyper-converged infrastructure market once had a CAGR in excess of 40%.
(Source: Nutanix)
But the company has embarked on its own transformation from hardware to software subscription at an accelerated pace, "clouding" its performance over the short term (Sorry for the pun). Conversion from point-of-sale to subscription gives the appearance of reduced revenue growth and compressed margins until the transformation is complete.
This is one reason why Nutanix stock has been beaten up. After reaching