Nimble Storage Inc (NMBL) Releases Earnings Results, Beats Expectations By $0.01 EPS

Nimble Storage Inc (NMBL) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $-0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.20. The company posted revenue of $97.10 million in the period, compared to analysts expectations of $94.71 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.

Nimble Storage Inc closed down -0.07 points or -0.82% at $8.51 with 7,99,375 shares getting traded on Friday. Post opening the session at $8.55, the shares hit an intraday low of $8.42 and an intraday high of $8.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 28, 2016, William John Schroeder (director) purchased 27,500 shares at $7.67 per share price. According to the SEC, on Jun 17, 2016, Jerry M Kennelly (director) sold 5,324 shares at $8.49 per share price. On Jun 16, 2016, Denis Murphy (VP of Worldwide Sales) sold 17,801 shares at $8.37 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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