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Stock Market & Financial Investment News

News Breaks
May 12, 2014
10:17 EDTOVRL, NMBL, NTAP, EMCNimble 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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April 30, 2015
06:05 EDTNTAP, NMBL, EMCNetApp needs to take some 'bold actions,' says Summit Research
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April 29, 2015
13:34 EDTNTAPNetApp CTO to announce resignation, retirement, The Register says
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April 27, 2015
09:03 EDTNMBLNimble Storage awarded NASPO ValuePoint Master Agreement
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April 22, 2015
08:35 EDTEMCIron Mountain, EMC enter strategic relationship for cloud services
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07:49 EDTEMCEMC cuts FY15 adjusted EPS view $1.91 from $1.98, consensus $1.97
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06:56 EDTEMCEMC CEO says 'confident' company will meet outlook for year
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06:55 EDTEMCEMC reports Q1 adjusted EPS 31c, consensus 36c
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