Analyst Rating Update on Nimble Storage (NMBL)

Nimble Storage (NYSE:NMBL) : Zacks Investment Research ranks Nimble Storage (NYSE:NMBL) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 2.36, which indicates as a Buy.

Nimble Storage (NYSE:NMBL) : 11 Wall Street analysts covering Nimble Storage (NYSE:NMBL) believe that the average level the stock could reach for the short term is $10.57. The maximum price target given is $14 and the minimum target for short term is around $8, hence the standard deviation is calculated at $2.34.

Company shares have received an average consensus rating of Hold for the current week

Nimble Storage (NYSE:NMBL): stock turned positive on Tuesday. Though the stock opened at $7.42, the bulls momentum made the stock top out at $7.57 level for the day. The stock recorded a low of $7.2 and closed the trading day at $7.37, in the green by 1.52%. The total traded volume for the day was 826,975. The stock had closed at $7.26 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Kennelly Jerry M, director of Nimble Storage Inc, had unloaded 5,324 shares at an average price of $8.49 in a transaction dated on June 15, 2016. The total value of the transaction was worth $45,201.

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 Companys file system, Cache Accelerated Sequential Layout (CASL), and its cloud-based storage management and support service, InfoSight, the Companys platform serves an array of enterprises and cloud-based service providers, and the Companys 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.

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