Nutanix, Inc. Class Action Lawsuit - NTNX

The complaint concerns whether the Company and its executives violated federal securities laws by making false and/or misleading statements about its investments in growth and its maintenance of high profit margins. On February 28, 2019, Nutanix announced its second quarter fiscal 2019 results and reported third quarter guidance that was below analysts' expectations. Management acknowledged that "inadequate marketing spend for pipeline generation and slower than expected sales hiring" were the reasons for the weak guidance. On this news, Nutanix's share price fell from $50.09 per share on February 28, 2019 to a closing price of $33.70 on March 1, 2019.

In order to be eligible to join the NTNX class action lawsuit, you must have incurred a loss on shares of Nutanix purchased during the class period listed above.

If you suffered a loss in Nutanix during the relevant time frame or pursuant to the relevant offering(s), you have until March 22, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky announces that a deadline has been set for a class action pending in the U.S.D.C. for the Northern District of California on behalf of Class A shareholders of Nutanix, Inc. (NASDAQGS: NTNX) who purchased shares between March 1, 2018 through May 30, 2019. If you suffered a loss in Nutanix you have until March 22, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.