EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Nutanix, Inc. – NTNX

NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of purchasers of the securities of
Nutanix, Inc. (NASDAQ: NTNX) from March 2, 2018 through February 28,
2019, inclusive (the “Class Period”). The lawsuit seeks to recover
damages for Nutanix investors under the federal securities laws.

To join the Nutanix class action, go to http://www.rosenlegal.com/cases-register-1565.html
or call Phillip Kim, Esq. or toll-free at 866-767-3653 or email pkim@rosenlegal.com
or cases@rosenlegal.com for
information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN
ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD
PLAINTIFF.

According to the lawsuit, defendants throughout the Class Period made
false and/or misleading statements and/or failed to disclose that: (1)
Nutanix had reallocated lead generation spending to other priorities,
which represented a significant strategy shift from how the Company had
historically conducted its sales efforts; (2) Nutanix’s decision to
reallocate lead generation spending had caused a large disruption in the
Company’s sales execution, thereby negatively impacting Nutanix’s sales
pipeline and slowing the Company’s sales growth; (3) Nutanix had fallen
behind in its sales hiring goals, which was further impairing the
Company’s efforts to grow its sales pipeline development; (4) the
improvement in the Company’s gross margins was not the result of the
changes being made to the Company’s business model, including the shift
from hardware to software and the change from licensing to subscription
platforms, but rather was the result of the Company’s decision to
reallocate lead generation spending; and (5) as a result, Nutanix’s
public statements were materially false and misleading at all relevant
times. When the true details entered the market, the lawsuit claims that
investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than May 28, 2019. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to http://www.rosenlegal.com/cases-register-1565.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. of Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com
or cases@rosenlegal.com.

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Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013. Rosen
Law Firm has secured hundreds of millions of dollars for investors.

Contacts

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275
Madison Avenue, 34^th Floor
New York, NY 10016
Tel:
(212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com