This year hasn't been too kind for Nutanix (NTNX), the hyperconverged infrastructure vendor that has been struggling over the past year to show investors that it can return to growth despite cutting off hardware sales and focusing on transitioning to a pure software company. Nutanix's ~45% year-to-date losses are far heavier than the ~13% losses in the S&P 500 and ~26% in the Russell 2000, indicating investors' belief that the coronavirus will have an outsized impact on this company:
We'll acknowledge that there's substantial risk for Nutanix on the demand