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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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August 27, 2014
09:22 EDTNMBLOn The Fly: Pre-market Movers
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07:46 EDTNMBLNimble Storage should be bought by growth investors, says Pacific Crest
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07:28 EDTNMBLNimble Storage hitting on all cylinders, says UBS
UBS said Nimble Storage is hitting on all cylinders following its Q2 earnings. The firm noted its increased market share, higher international bookings, improved gross margins, and additions of new customers. Shares of Nimble Storage are Buy rated with a $40 price target.
August 26, 2014
16:03 EDTNMBLNimble Storage sees Q3 EPS (17c)-(16c), consensus (15c)
Sees Q3 revenue $56M-$58M, consensus $50.54M.
16:02 EDTNMBLNimble Storage reports Q2 EPS (15c), consensus (16c)
Reports Q2 revenue $53.8M, consensus $50.54M.
15:25 EDTNMBLNotable companies reporting after market close
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11:45 EDTNMBLNimble Storage management to meet with Piper Jaffray
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August 22, 2014
08:23 EDTNMBLNimble Storage to report a strong quarter, says Macquarie
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August 21, 2014
06:46 EDTNMBLNimble Storage expected to report beat and raise quarter at Piper Jaffray
Piper Jaffray expects Nimble Storage to report its third consecutive beat and raise quarter when reporting Q2 results on August 26. The firm believes demand has remained strong and reiterates an Overweight rating on the stock with a $47 price target.
August 19, 2014
08:33 EDTNMBLNimble Storage Q2 results should beat expectations, says Sterne Agee
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August 14, 2014
11:45 EDTNMBLNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).

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