Nutanix, Inc. (NASDAQ: NTNX)
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Hagens Berman Sobol Shapiro LLP reminds investors in Nutanix, Inc. (NASDAQ: NTNX) of the May 28, 2019 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Northern District of California.
If you purchased or otherwise acquired shares of NTNX between March 2, 2018 and February 28, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing NTNX@hbsslaw.com.
According to the complaint, Defendants misled investors throughout the class period by stating Nutanix was investing heavily in growth while maintaining high profit margins. Then, on February 28, 2019, Nutanix and senior management issued weak financial guidance and blamed it on inadequate marketing spend for pipeline generation.
This news drove the price of Nutanix shares sharply lower on March 1, 2019.
“We’re focused on investors’ losses, Defendants statements about investing in sales and marketing, and on the extent to which Defendants may have misled investors,” said Hagens Berman partner Reed Kathrein.
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