🔴 NTNX is trading 5% down today after management warned of weaker revenue ahead

NTNX is trading approximately 5% down at $45.84 after the company's management issued a warning about its future revenue.

• Management stated that revenue for the fourth quarter and the full year will be below Wall Street's expectations.
• The company cited longer sales cycles for large enterprise deals as a key reason for the weaker outlook.
• In response, several analysts have lowered their price targets on the stock, adding to the selling pressure.