- Nutanix shares have nosedived ~30% after reporting fiscal Q3 results, taking year-to-date losses over 50%.
- Though the company beat Wall Street's expectations in Q3, it guided substantially below expectations for Q4.
- The company noted sales attrition issues as well as supply chain challenges as the key drivers for the dour outlook.
- To me, these don't seem to be permanent issues and Nutanix is already well priced for the added risk at just ~2x forward revenue.
For further details see:
Nutanix: After The Price Reset, This Stock Looks More Appealing Than Ever