Shares of software company Nutanix tumbled as much as 15 percent in after-hours trade Thursday, on the heels of current-quarter guidance of a bigger-than-expected loss.
The San Jose, California-based company said it expects to report a loss between 45 cents and 48 cents per share on revenue between $180 million to $190 million for the third quarter. Analysts had projeceted a narrower loss of 35 cents a share, according to FactSet.
Nutanix also reported second-quarter results Thursday, including a GAAP net loss of $93.2 million, compared to a GAAP net loss of $33.2 million for the same period last year.
The cloud-computing company went public in September, and its stock peaked at an all-time intraday high in October of $46.78. Shares closed Thursday right above $31.
As of Thursday's close, the stock had gained more than 17 percent for the year.