Nimble Storage Beats Earnings Estimates, Mixed Q3 Forecasts

Hot Stock's Buzzers: Nimble Storage Inc (NYSE:NMBL), Daktronics, Inc. (NASDAQ:DAKT)

For the stock, price target value has been calculated at $10.81 based on calls of 16 experts. The company’s price sits 12.23% above from its 50-day moving average of $7.77 and 1.66% above from the stock’s 200-day moving average of $7.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jerry M. Kennelly sold 5,324 shares of the firm’s stock in a transaction on Wednesday, June 15th. We repurchased about 0.3 million shares at an average price of $6.42 per share for a total use of cash of $1.8 million during the quarter. Following the transaction, the director now owns 15,980 shares of the company’s stock, valued at approximately $146,217. The disclosure for this purchase can be found here. BlackRock Group LTD now owns 13,811 shares of the company’s stock worth $109,000 after buying an additional 4,828 shares in the last quarter.

On Aug 10, 2016 Nimble Storage, Inc. The company has Relative Strength Index (RSI 14) of 70.13 along with Average True Range (ATR 14) of 0.28.

New Generation of Adaptive Flash Arrays Expand the Nimble Storage Price-Performance Advantage. BTIG Research initiated coverage on Nimble Storage in a research note on Tuesday, April 26th. They set a “neutral” rating on the stock. Wells Fargo Co. reaffirmed a “hold” rating on shares of Nimble Storage in a research report on Wednesday, May 25th.

The stock has received rating from many Reuters analysts. (NYSE:SC) rises up 2.16% to close at $11.82 as 1.24 Million shares changed hands in regular trading session. The firm’s market cap is $742.64 million. Over the one year trading period, the stock has a high price of $27.32 and its low price is recorded at $5.64. During the last trade, stock’s minimum price has been reached out at $8.61 while the maximum trading price moved at $8.87.

For the current quarter ending in November, Nimble Storage expects its per-share earnings to range from 17 cents to 19 cents. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.01. Six analysts surveyed by Zacks predictable $94.8 million. During the same period in the previous year, the company posted ($0.10) EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis.

Shares of storage technology vendor Nimble Storage (NMBL) are up 26 cents, or 3%, at $9.08, in late trading, after the company this afternoon reported fiscal Q2 revenue and profit that topped analysts’ expectations, and forecast this quarter’s revenue higher. Customers across the world have purchased over $1 billion in products and support since Nimble Storage started shipping its Predictive Flash platform in 2010. The Nimble Storage Predictive Flash platform with InfoSight Predictive Analytics was recognized based on Hutchinson Clinic’s implementation of the Nimble Unified Flash Fabric, enabling flash performance for all enterprise applications by unifying All Flash and Adaptive Flash arrays into a single consolidation architecture.

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