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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:17 EDTEMC, OVRL, NMBL, NTAPNimble Storage climbs following two upgrades
Shares of data storage provider Nimble Storage (NMBL) are rallying after two research firms upgraded the stock in notes to investors earlier today. WHAT'S NEW: Nimble can offer its systems to more companies as it unveils new products, William Blair analyst Jason Ader wrote in a note to investors earlier today. The new products should also enable it to increase its market share, added the analyst, who also cited the stock's recent pullback as a reason for his upgrade. Ader is impressed with the company's revenue growth outlook, management team, technology, and profit margins and expects Nimble's results to surpass analysts' expectations. He raised his rating on the shares to Outperform from Market Perform. Also upgrading Nimble was Needham analyst Richard Kugele. Nimble can grow 50% or more for the next several years, wrote Kugele, who predicted that companies with high growth rates and high valuations will attract investors once again after the market's profit taking and nervousness are exhausted. He upgraded his rating on the shares to Strong Buy from Buy, but cut his price target on the shares to $35 from $62. OTHERS TO WATCH: Other data storage providers include NetApp (NTAP), EMC (EMC), and Overland Storage (OVRL). PRICE ACTION: In early trading, Nimble jumped $2.74, or 13.3%, to $23.33.
News For NMBL;EMC;NTAP;OVRL From The Last 14 Days
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March 5, 2015
10:49 EDTEMCEMC to hold a forum
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07:20 EDTEMCEMC won't address VMware spinoff at upcoming forum, says UBS
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06:15 EDTEMCEMC unlikely to announce VMware spin in near-term, says Citigroup
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March 3, 2015
07:07 EDTNMBL, NTAPPacific Crest to hold a summit
10th Annual Emerging Technology Summit is being held in San Francisco on March 3-4.
March 2, 2015
08:30 EDTEMCFBR keeps Outperform on EMC after report says no spin-off
FBR Capital maintains an Outperform rating on shares of EMC (EMC) after Reuters reported Friday that the company's management has deciding against spinning off its stake in VMware (VMW). FBR says that while the news is disappointing, it is not surprising. It also thinks the report could be a near-term positive for VMware, since it could remove the spin-off uncertainty. FBR notes EMC is having an analyst day on March 10.
February 27, 2015
16:29 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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15:57 EDTEMCEMC decides against spinning off stake in VMware, Reuters reports
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09:16 EDTEMCEMC to hold a conference call
VP-Product Management Josh Goldstein holds a conference call to discuss EMC XtremIO on February 27 at 1 pm. Webcast Link
07:34 EDTNMBLNimble Storage shares should be bought on weakness, says RBC Capital
RBC Capital is upbeat on Nimble Storage due to its focus on growing profitability and the firm's belief that the company is only one quarter away from generating positive, sustainable cash flow. The firm keeps a $45 price target and Outperform rating on the stock.
February 26, 2015
18:43 EDTNMBLOn The Fly: After Hours Movers
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16:02 EDTNMBLNimble Storage sees Q1 EPS (14c)-(13c), consensus (12c)
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16:01 EDTNMBLNimble Storage reports Q4 EPS (13c), consensus (14c)
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15:30 EDTNMBLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Monster Beverage (MNST), consensus 59c... Ross Stores (ROST), consensus $1.11... Gap (GPS), consensus 74c... Autodesk (ADSK), consensus 24c... Universal Health Services (UHS), consensus $1.50... Southwestern Energy (SWN), consensus 50c... Ensco (ESV), consensus $1.36... J.C. Penney (JCP), consensus 11c... Nimble Storage (NMBL), consensus (14c)... Herbalife (HLF), consensus $1.22... Allscripts Healthcare (MDRX), consensus 9c... SBA Communications (SBAC), consensus 2c... Aruba Networks (ARUN), consensus 27c... Splunk (SPLK), consensus 4c... Air Lease (AL), consensus 61c... Ingram Micro (IM), consensus 99c... Weight Watchers (WTW), consensus 7c... Northern Oil and Gas (NOG), consensus 19c... Envision Healthcare (EVHC), consensus 36c... Infoblox (BLOX), consensus 5c... Live Nation (LYV), consensus (41c)... OmniVision (OVTI), consensus 29c... Bonanza Creek Energy (BCEI), consensus 27c.
05:47 EDTEMCAtos and EMC to further strengthen strategic alliance
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February 23, 2015
09:59 EDTNMBLOn The Fly: Analyst Initiation Summary
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08:55 EDTNMBLNimble Storage initiated with a Buy at Monness Crespi
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