Impact of Brokerage Rating on Nimble Storage, Inc.(NMBL)

Many Nimble Storage, Inc.(NMBL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Nimble Storage Inc was Upgraded by Pacific Crest to Overweight on Jan 9, 2017.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, Varun Mehta (VP of Product Operations) sold 2,500 shares at 8.17 per share price.On Jan 5, 2017, Anup V Singh (Chief Financial Officer) sold 10,000 shares at 8.00 per share price.On Dec 23, 2016, Suresh Vasudevan (Chief Executive Officer) sold 62,535 shares at 8.05 per share price.

Nimble Storage Inc Last issued its quarterly earnings results on Nov 22, 2016. The company reported $-0.18 EPS for the quarter. Analyst had a consensus estimate of $-0.18. The company had revenue of $102.00 million for the quarter, compared to analysts expectations of $101.95 million. The companys revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Nimble Storage, Inc. (NYSE:NMBL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.07 by 14 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.

Nimble Storage, Inc. (NYSE:NMBL): The mean short term price target for Nimble Storage, Inc. (NYSE:NMBL) has been established at $10.68 per share. The higher price target estimate is at $14 and the lower price target estimate is expected at $8 according to 11 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $2.45

Nimble Storage, Inc. (NYSE:NMBL) rose 0.68% or 0.06 points on Tuesday and made its way into the gainers of the day. After trading began at $8.88 the stock was seen hitting $9 as a peak level and $8.83 as the lowest level. The stock ended up at $8.94. The daily volume was measured at 881,979 shares. The 52-week high of the share price is $9.9 and the 52-week low is $5.64. The company has a market cap of $782 million.

Nimble Storage, Inc. offers flash-optimized hybrid storage platform. The companys software and storage systems handle various mainstream applications which include virtual desktops, databases, email, collaboration and analytics. It serves industries comprising cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology. Nimble Storage, Inc. is based in San Jose, California.

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