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Stock Market & Financial Investment News

News Breaks
March 27, 2014
07:58 EDTNMBLNimble Storage new software improves outlook, says Pacific Crest
Pacific Crest believes that the new version of Nimble's storage software should improve its competitive positioning, increase its revenue from existing customers, and increase its exposure to the cloud. The firm expects the company to grow at least 53% in FY15, and it thinks the stock's recent decline has created an attractive entry point. It recommends that investors buy the shares.
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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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