Why Nutanix Stock Is Sinking Today
Nutanix Inc (NASDAQ: NTNX) shares are trading significantly lower Thursday after the company reported financial results and issued guidance below analyst estimates.
Mid-Morning Market Update: Markets Open Higher; US Economy Contracts 1.5% In Q1
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 200 points on Thursday.
RBC Capital Maintains Outperform on Nutanix, Lowers Price Target to $21
RBC Capital analyst Matthew Hedberg maintains Nutanix (NASDAQ:NTNX) with a Outperform and lowers the price target from $45 to $21.
10 Biggest Price Target Changes For Thursday
UBS cut The Kraft Heinz Company (NASDAQ: KHC) price target from $40 to $34. Kraft Heinz shares fell 3.1% to $38.66 in pre-market trading.
B of A Securities Downgrades Nutanix to Neutral, Lowers Price Target to $22
B of A Securities analyst Wamsi Mohan downgrades Nutanix (NASDAQ:NTNX) from Buy to Neutral and lowers the price target from $54 to $22.
William Blair Downgrades Nutanix to Market Perform
William Blair analyst Jason Ader downgrades Nutanix (NASDAQ:NTNX) from Outperform to Market Perform.
12 Information Technology Stocks Moving In Wednesday’s After-Market Session
Gainers
Quanergy Systems (NYSE:QNGY) shares moved upwards by 6.2% to $0.85 during Wednesday's after-market session. The market value of their outstanding shares is at $78.8 million.
Why Nutanix Shares Are Plummeting After Hours
Nutanix Inc (NASDAQ: NTNX) reported third-quarter rev