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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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