Press release
Investigation announced for Investors in shares of Nutanix, Inc. (NASDAQ: NTNX) over possible Violations of Securities Laws
An investigation for investors in Nutanix, Inc. (NASDAQ: NTNX) shares over potential securities laws violations by Nutanix, Inc.
Investors who purchased shares of Nutanix, Inc. (NASDAQ: NTNX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nutanix, Inc. (NASDAQ: NTNX) concerning whether a series of statements by Nutanix, Inc. (NASDAQ: NTNX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Jose, CA based Nutanix, Inc. provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Nutanix, Inc. reported that its Total Revenue rose from over $1.39 billion for the 12 months period that ended on July 31, 2021 to over $1.58 billion for the 12 months period that ended on July 31, 2022 and that its Net Loss over those respective time period declined from over $1.03 billion to $797.53 million.
On March 6, 2023, Nutanix, Inc. issued a press release stating that "Company management discovered that certain evaluation software from one of its third-party providers was instead used for interoperability testing, validation and customer proofs of concept over a multi-year period." The Company further stated that "As a result, the Company has not provided financial information regarding expenses in its second quarter fiscal 2023 preliminary results, or in its outlook for the third quarter or full fiscal year 2023."
Shares of Nutanix, Inc. (NASDAQ: NTNX) declined from $33.73 per share on December 14, 2022, to $23.85 per share on March 13, 2023.
Those who purchased shares of Nutanix, Inc. (NASDAQ: NTNX) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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Investigation for Investors in shares of Nutanix, Inc. (NASDAQ: NTNX) announced
An investigation is pending over potential securities laws violations by Nutanix, Inc. in connection with certain financial statements.
Investors who purchased shares of Nutanix, Inc. (NASDAQ: NTNX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nutanix, Inc. (NASDAQ: NTNX) concerning whether a series of statements…
