Nimble Storage (NMBL) : The consensus on Nimble Storage (NMBL) based on 22 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 14 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Nimble Storage (NMBL) : Average target price received by Nimble Storage (NMBL) is $10.69 with an expected standard deviation of $2.27. The most aggressive target on the stock is $14, whereas the most downbeat target is $8. 12 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
Nimble Storage (NYSE:NMBL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.76 and $7.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.73, notching a gain of 1.18% for the day. The total traded volume was 1,719,524 . The stock had closed at $7.64 on the previous day.
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 Companys file system, Cache Accelerated Sequential Layout (CASL), and its cloud-based storage management and support service, InfoSight, the Companys platform serves an array of enterprises and cloud-based service providers, and the Companys 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.