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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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August 26, 2015
16:26 EDTEMCOn The Fly: Top stock stories for Wednesday
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15:27 EDTEMCVMware falls after report EMC board weighing downstream merger proposal
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12:47 EDTNMBL, EMCOn The Fly: Top stock stories at midday
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12:08 EDTEMCEMC Federation departures suggest changes coming, says Raymond James
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11:50 EDTEMCEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
10:00 EDTNMBLOn The Fly: Analyst Upgrade Summary
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09:25 EDTEMCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
08:23 EDTEMCEMC board 'considering' VMware downstream merger proposal, Re/code reports
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08:09 EDTNMBLNimble Storage price target lowered to $37 from $40 at UBS
UBS lowered its price target on Nimble Storage to $37 from $40 following Q2 results. UBS reiterated its Buy rating on Nimble shares, citing its revenue guidance beat and its improvement in market share in the large enterprise storage space.
08:04 EDTNMBLNimble Storage upgraded to Buy at Wunderlich on improved visibility
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07:16 EDTNMBLNimble Storage upgraded to Buy from Hold at Wunderlich
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07:01 EDTNTAP, NMBL, EMCNimble Storage reported another 'solid' quarter, says Summit Research
Summit Research analyst Srini Nandury called Nimble Storage's (NMBL) quarterly results "solid," highlighting the company's report of strong demand, higher deal sizes and addition of an all-time high 690 new customers. The firm, which said it expects Nimble to gain share from both EMC (EMC) and NetApp (NTAP) "in short order," reiterates its Buy rating and $40 price target on Nimble shares.
August 25, 2015
17:18 EDTNMBLNimble Storage says win rates remain consistent despite price competition
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17:08 EDTNMBLNimble Storage says storage market continues to experience disruption
Nimble CEO Suresh Vasudevan says "major architectural shifts are continuing to disrupt the storage market resulting in significant year-over-year revenue declines" for industry incumbents. Says SmartStack solution "gaining more and more steam," says more than doubled SmartStack customers y/y. Nimble executives are speaking on the company's Q2 earnings conference call.
16:03 EDTNMBLNimble Storage sees Q3 EPS (9c)-(8c), consensus (7c)
Sees Q3 revenue $86M-$88M, consensus $86.02M.
16:02 EDTNMBLNimble Storage reports Q2 EPS (10c), consensus (11c)
Reports Q2 revenue $80.1M, consensus $78.57M.
15:00 EDTNMBLNotable companies reporting after market close
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12:31 EDTNMBLNimble Storage technical notes ahead of results
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August 21, 2015
16:01 EDTEMCOptions Update; August 21, 2015
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12:13 EDTNTAPBrocade soars after Q3 results top estimates
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