Nimble 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.
EMC 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.