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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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