Ups And Downs: The Best And Worst Tech Stocks In The First Half Of 2017

 

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Nutanix

CEO: Dheeraj Pandey

Dec. 30, 2016: $26.56

June 30, 2017: $20.15

Change: -24.13%

Cloud computing system vendor Nutanix's stock declined more than 37 percent in March – with the share price falling from $31.12 at the close of trading March 2 to $23.00 at the close of trading March 3.

That came after the company reported financial results for its fiscal 2017 second quarter (ended Jan. 31) that included revenue of $182.2 million, up 77 percent from $102.7 million in the same quarter one year earlier. Despite the solid revenue growth, the company issued guidance for the third quarter that disappointed investors and analysts, leading to the March stock plunge.

The stock continued to decline until bottoming out at $14.46 per share on May 1 and has rebounded somewhat since then.

For its fiscal 2017 third quarter (ended April 30) Nutanix reported revenue of $191.8 million, up 67 percent from $114.7 million in last year's third quarter. The company reported a net loss of $112.0 million for the quarter compared to the $46.8 million net loss reported one year earlier.