Nimble Storage Inc (NMBL) Releases Earnings Results, Reports EPS of $-0.18 EPS

Nimble Storage Inc (NMBL) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. NMBL reported $-0.18 EPS for the quarter. Analysts had a consensus estimate of $-0.18. The company posted revenue of $102.00 million in the period, compared to analysts expectations of $101.95 million. NMBL’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on Nimble Storage Inc. Nimble Storage Inc was Upgraded by Wells Fargo to ” Outperform” on Oct 12, 2016. Nimble Storage Inc was Upgraded by Wells Fargo to ” Outperform” on Sep 29, 2016.

Nimble Storage Inc opened for trading at $9.14 and hit $9.35 on the upside on Monday, eventually ending the session at $9.3, with a gain of 1.86% or 0.17 points. The heightened volatility saw the trading volume jump to 12,60,174 shares. Company has a market cap of $791 M.

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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