Nimble Storage Inc (NMBL) Releases Earnings Results, Beats Expectations By $0.02 EPS

Nimble Storage Inc (NMBL) reported quarterly earnings results on Tuesday, May-24-2016. The company said it had a profit of $-0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.26. The company posted revenue of $86.40 million in the period, compared to analysts expectations of $84.60 million. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Many Wall Street Analysts have commented on Nimble Storage Inc. Shares were Reiterated by Maxim Group on May 23, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $14 .Shares were Reiterated by FBN Securities on Mar 7, 2016 to “Outperform” and Lowered the Price Target to $ 10 from a previous price target of $15 .Nimble Storage Inc was Downgraded by Piper Jaffray to ” Neutral” on Mar 4, 2016.

Nimble Storage Inc opened for trading at $6.71 and hit $7.22 on the upside on Friday, eventually ending the session at $7.18, with a gain of 7.00% or 0.47 points. The heightened volatility saw the trading volume jump to 7,39,831 shares. Company has a market cap of $603,838 M.

In a different news, on Mar 30, 2016, William John Schroeder (director) purchased 40,000 shares at $7.11 per share price. According to the SEC, on Mar 14, 2016, Anup V Singh (Chief Financial Officer) sold 17,158 shares at $7.41 per share price. On Mar 11, 2016, Varun Mehta (VP Engineering) sold 14,149 shares at $7.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Nimble Storage Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform Adaptive Flash. With the combination of the Company’s file system Cache Accelerated Sequential Layout (CASL) and its cloud-based storage management and support service InfoSight the Company’s platform serves an array of enterprises and cloud-based service providers and the Company’s software and storage systems handle mainstream applications including virtual desktops databases e-mail collaboration and analytics. It enables information technology (IT) organizations to predict manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries such as cloud-based service providers education financial services healthcare manufacturing state and local government and technology.

Nimble Storage Inc

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