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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.
News For NMBL From The Last 14 Days
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October 1, 2014
09:32 EDTNMBLNetApp should be sold into strength, says Morgan Stanley
Morgan Stanley said, yesterday, NetApp (NTAP) lost its Head of North American sales and another sales executive to Nimble Storage (NMBL), indicating some management have not bought into the product portfolio longer-term. The firm believes NetApp continues to lose share to cloud storage and disruptive NAND flash solutions and the executive departures highlights secular risks. Additionally, the analyst does not believe, despite speculation, Cisco (CSCO) will acquire the company. Morgan Stanley expects NetApp to report an inline to above October quarter but recommends selling any strength.

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