Nutanix Dips 12% in a Month: Should You Hold or Fold the Stock?

Nutanix (NTNX) shares have lost 11.6% in the past month, underperforming the Zacks Computer and Technology sector, the S&P 500 index and the Zacks Computers - IT Services industry’s decline of 6.6%, 4.7% and 8.4%, respectively.Nutanix is considered a pioneer of the hyper converged infrastructure (HCI) market, which is projected to grow rapidly in the long term, but faces significant competition in most of the markets it operates, from the likes of Hewlett Packard Enterprise (HPE) , Cisco Systems (CSCO) and ...