This IPO went almost last year and these two people are main underwriters.
Look at this, Both Morgan Stanley and GS are Upgrading it. They are trying to sell outsiders that company is one of the best. They need this stock value to go up so that they make (UW) profit ! It may be a potential TRAP for investors.
Company has 680M sales with loss of 417M !
With such state, I would not blindly believe these two upgrades unless I really see some clear recovery plan.
Aug 31st is next qtr results, but definitely company will make loss and every one will likely say "beat the market as loss is better than expected".
I am not voting against NTNX, but do not like to blindly believe these two big company upgrades. I did not do any background research whether NTNX is really good or bad, but skimming through the results, I feel not worth deep diving.
When I have plenty of profit making companies, such as DPZ or EVOL, Or Big Brother Buffet bought SYF & STOR (and still 20% down the peak) why should I bother looking at NTNX?
SYF, both Seth Klarmann and Warren Buffet Bought it. I just follow them ,bought few today, fine to have 2% dividend and 18% down from peak, with PM 14%