Nimble Storage Inc (NMBL) is Upgraded by Wells Fargo to Outperform

Nimble Storage Inc (NMBL) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on Oct 12, 2016.

Many Wall Street Analysts have commented on Nimble Storage Inc. Nimble Storage Inc was Upgraded by Wells Fargo to ” Outperform” on Sep 29, 2016.

On the company’s financial health, Nimble Storage Inc reported $-0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $-0.20. The company had revenue of $97.10 million for the quarter, 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 -0.33 points or -3.68% at $8.64 with 9,79,584 shares getting traded on Tuesday. Post opening the session at $8.97, the shares hit an intraday low of $8.62 and an intraday high of $9.01 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 21, 2016, William John Schroeder (director) purchased 7,500 shares at $7.36 per share price. According to the SEC, on Sep 14, 2016, Suresh Vasudevan (Chief Executive Officer) sold 22,773 shares at $7.76 per share price. On Sep 14, 2016, Anup V Singh (Chief Financial Officer) sold 16,479 shares at $7.92 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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