Nimble Storage, Inc. (NMBL)

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Goldman Sachs Reiterates Buy Rating for Nimble Storage (NMBL)
Posted by Shane Hupp on Jun 12th, 2014 // No Comments


Nimble Storage Inc logoNimble Storage (NASDAQ:NMBL)‘s stock had its “buy” rating reiterated by analysts at Goldman Sachs in a research report issued to clients and investors on Thursday.

A number of other firms have also recently commented on NMBL. Analysts at Barclays initiated coverage on shares of Nimble Storage in a research notewallstcheatsheet.comresearch note on Tuesday. They set an “equal weight” rating and a $28.00 price target on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Nimble Storage from $43.00 to $44.00 in a research note on Friday, May 30th. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffraywallstcheatsheet.comPiper Jaffray reiterated an “overweight” rating on shares of Nimble Storage in a research note on Friday, May 30th. They now have a $47.00 price target on the stock, down previously from $50.00. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $38.92.

Shares of Nimble Storage (NASDAQ:NMBL) opened at 25.06 on Thursday. Nimble Storage has a 1-year low of $19.17 and a 1-year high of $58.00. The stock has a 50-day moving average of $25.20 and a 200-day moving average of $37.19. The company’s market cap is $1.791 billion.

Nimble Storage (NASDAQ:NMBL) last announced its earnings results on Thursday, May 29th. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimatewallstcheatsheet.comconsensus estimate of ($0.16) by $0.02. The company had revenue of $46.50 million for the quarter, compared to the consensus estimate of $43.70 million. Nimble Storage’s revenue was up 110.4% compared to the same quarter last year. On average, analysts predict that Nimble Storage will post $-0.58 earnings per share for the current fiscal year.

Nimble Storage, Inc provides its customers with data storage platform. The Company focuses on research and developmentwww.inc.comresearch and development of its technology platform, developing new products and enhancing its cloud-based management services.