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Stock Market & Financial Investment News

News Breaks
May 30, 2014
07:04 EDTNMBLNimble Storage to be boosted by new products, says RBC Capital
After Nimble Storage reported stronger than expected results for its April quarter, RBC Capital thinks the results were solid. The firm expects the company's new products to boost its results going forward. It cut its price target on the shares to $45 from $56 to reflect lower multiples for companies with disruptive technologies, but keeps an Outperform rating on the stock.
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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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