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Stock Market & Financial Investment News

News Breaks
May 2, 2014
07:29 EDTNMBLNimble Storage sell-off brings 'compelling' entry point, says Piper Jaffray
Piper Jaffray believes the recent sell-off in shares of Nimble Storage has created a "compelling" entry point into the name. Piper believes Nimble remains well-positioned to grow revenue in the 50%-plus range for the foreseeable future and it views the pullback as overdone. The firm keeps an Overweight rating on the stock with a $50 price target.
News For NMBL From The Last 14 Days
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March 30, 2015
13:06 EDTNMBLNimble Storage announces settlement with NetApp
Nimble Storage (NMBL) announced that it has entered into a written settlement agreement with NetApp (NTAP), effective March 16, that resolves all remaining claims in the parties' outstanding litigation matters. Beginning in October 2013, NetApp initiated litigation against Nimble. The first was a lawsuit in U.S. District Court for the Northern District of California, alleging violations of the federal Computer Fraud and Abuse Act, trade secret misappropriation, and unfair competition, among other claims. The second was a lawsuit filed in May 2014 in the Superior Court of California, County of Santa Clara alleging similar claims, including trade secret and breach of contract. The terms of the settlement are confidential and are not material to Nimble's financial statements. Both cases were formally dismissed with prejudice by the U.S. District Court, Northern District of California and Santa Clara County Superior Court on March 23.
06:41 EDTNMBLNimble trades near IPO price despite better position, says Piper Jaffray
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March 23, 2015
06:40 EDTNMBLEMC downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.
06:37 EDTNMBLNetApp downgraded to Neutral from Overweight at Piper Jaffray
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