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May 12, 2014
10:17 EDTNMBL, EMC, NTAP, OVRLNimble 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
Check below for free stories on NMBL;EMC;NTAP;OVRL the last two weeks.
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August 27, 2014
09:22 EDTNMBLOn The Fly: Pre-market Movers
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07:46 EDTNMBLNimble Storage should be bought by growth investors, says Pacific Crest
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07:28 EDTNMBLNimble Storage hitting on all cylinders, says UBS
UBS said Nimble Storage is hitting on all cylinders following its Q2 earnings. The firm noted its increased market share, higher international bookings, improved gross margins, and additions of new customers. Shares of Nimble Storage are Buy rated with a $40 price target.
August 26, 2014
16:03 EDTNMBLNimble Storage sees Q3 EPS (17c)-(16c), consensus (15c)
Sees Q3 revenue $56M-$58M, consensus $50.54M.
16:02 EDTNMBLNimble Storage reports Q2 EPS (15c), consensus (16c)
Reports Q2 revenue $53.8M, consensus $50.54M.
15:25 EDTNMBLNotable companies reporting after market close
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15:04 EDTNTAPNetApp extends alliance with VMware on cloud computing
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12:32 EDTEMCVMware slips after updating 2015 guidance at analyst day
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11:45 EDTNMBLNimble Storage management to meet with Piper Jaffray
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August 22, 2014
08:23 EDTNMBLNimble Storage to report a strong quarter, says Macquarie
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August 21, 2014
06:46 EDTNMBLNimble Storage expected to report beat and raise quarter at Piper Jaffray
Piper Jaffray expects Nimble Storage to report its third consecutive beat and raise quarter when reporting Q2 results on August 26. The firm believes demand has remained strong and reiterates an Overweight rating on the stock with a $47 price target.
August 19, 2014
08:33 EDTNMBLNimble Storage Q2 results should beat expectations, says Sterne Agee
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08:11 EDTEMCVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTEMCVMware updates executive responsibilities
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