BMO Capital Upgrades Nimble Storage Inc to Outperform

Brokerage firm BMO Capital Upgrades its rating on Nimble Storage Inc(NYSE:NMBL). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by BMO Capital was issued on Aug 3, 2016.

Nimble Storage Inc (NMBL) made into the market gainers list on Fridays trading session with the shares advancing 1.00% or 0.08 points. Due to strong positive momentum, the stock ended at $8.1, which is also near the day’s high of $8.2. The stock began the session at $7.99 and the volume stood at 5,17,436 shares. The 52-week high of the shares is $27.32 and the 52 week low is $5.64. The company has a current market capitalization of $682 M and it has 8,42,00,000 shares in outstanding.

Nimble Storage Inc(NMBL) last announced its earnings results on May 24, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $86.42M. Analysts had an estimated revenue of $84.59M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.26.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, William John Schroeder (director) purchased 27,500 shares at $7.67 per share price.Also, On Jun 17, 2016, Jerry M Kennelly (director) sold 5,324 shares at $8.49 per share price.On Jun 16, 2016, Denis Murphy (VP of Worldwide Sales) sold 17,801 shares at $8.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Nimble Storage Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform Adaptive Flash. With the combination of the Company’s file system Cache Accelerated Sequential Layout (CASL) and its cloud-based storage management and support service InfoSight the Company’s platform serves an array of enterprises and cloud-based service providers and the Company’s software and storage systems handle mainstream applications including virtual desktops databases e-mail collaboration and analytics. It enables information technology (IT) organizations to predict manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries such as cloud-based service providers education financial services healthcare manufacturing state and local government and technology.

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