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Why Nutanix, Inc. (NTNX) stock is gloomy today?

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Shares of the Nutanix, Inc. (NTNX) stock were gloomy today on May 27, 2021, after recording a rise of 2.10% at previous closing in response to the announcement of third-quarter 2021 financial results. NTNX stock price saw a downtrend of 0.32% to drop at $31.52 a share at the time of this writing. Let’s deep dive to explore more of it.

Third Quarter Financial Results:

Fourth Quarter Financial Outlook for NTNX stock:

Business Developments:

In a Nutshell:

After reporting positive third-quarter financial results, NTNX stock went up in the last trade but then profit-takers stepped in due to which NTNX stock became red today.

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