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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:17 EDTNTAP, EMC, OVRL, NMBLNimble 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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November 26, 2014
12:25 EDTNMBLNimble Storage management to meet with Sterne Agee
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08:15 EDTNTAPDot Hill Systems initiated with a Buy at Maxim
Maxim says its analysis of Dot Hill Systems' (HILL) intellectual property indicates the company is unlikely to lose its business with HP (HPQ). The firm adds that Dot Hill management believes NetApp's (NTAP) slow exit from Engenio's OEM business brings at least a $200M incremental revenue and $40M operating profit opportunity. Maxim started shares of Dot Hill Systems with a Buy rating and $7 price target.
November 25, 2014
16:03 EDTNMBLNimble Storage sees Q4 non-GAAP EPS (15c)-(14c), consensus (13c)
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16:01 EDTNMBLNimble Storage reports Q3 non-GAAP EPS (15c), consensus (16c)
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15:31 EDTNMBLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus $1.06; Analog Devices (ADI), consensus 68c; Cubic (CUB), consensus 94c; Nimble Storage (NMBL), consensus (16c); Veeva Systems (VEEV), consensus 8c; Infoblox (BLOX), consensus 3c; TiVo (TIVO), consensus 7c; Perfect World (PWRD), consensus 40c.
14:50 EDTNMBLNimble Storage technical notes before results
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12:35 EDTEMCEarnings Preview: Analysts take positive view of HP after split plan
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09:38 EDTNTAPNetApp participates in a conference call with Goldman Sachs
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November 24, 2014
12:02 EDTOVRLOverland Storage to host special shareholder meeting
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November 21, 2014
10:01 EDTEMCOn The Fly: Analyst Initiation Summary
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07:25 EDTEMCEMC reinstated with a Buy at BofA/Merrill
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November 20, 2014
07:23 EDTEMCBoston Security Analysts Society to hold a conference
Sustainable Investing: Taking the Long View is being held in Boston on November 20.
November 19, 2014
08:03 EDTNMBLNimble Storage TAM expanded 7x, says Pacific Crest
Pacific Crest believes that the formal release of Fibre Channel support increases Nimble Storage's total addressable market by 7x, as it enables the company to target larger enterprises. The firm recommends buying Nimble, citing what it sees as the company's favorable risk-reward, 40%-plus growth trajectory and path to profitability next year. Pacific Crest keeps a $44 price target and Outperform rating on the shares.
November 18, 2014
10:14 EDTNMBLNimble Storage says Fibre Channel storage arrays now available
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November 17, 2014
06:02 EDTEMCStocks with implied volatility movement; WFT EMC
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November 14, 2014
13:55 EDTEMCEMC volatility elevated as shares near 13-year high
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