Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Nutanix, Inc. (“Nutanix” or “the Company”) (NASDAQ: NTNX). Nutanix investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/ntnx.
The investigation concerns whether Nutanix violated federal securities laws.
On March 6, 2023, Nutanix issued a press release reporting selected preliminary second quarter fiscal 2023 financial results. Among other items, Nutanix reported 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.” Due to an ongoing Audit Committee investigation into the matter, Nutanix stated that “it does not expect to be able to [timely] file its Quarterly Report on Form 10-Q for the quarter ended January 31, 2023[.]” On this news, Nutanix’s stock price fell $2.27 per share, or 7.89%, to close at $26.50 per share on March 7, 2023.
If you are aware of any facts relating to this investigation or purchased Nutanix shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/ntnx. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230308005830/en/
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | firstname.lastname@example.org