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Technology Stocks : Nimble Storage

NMBL 12.49

0.0%

Aug 17 5:00 PM EST

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From: JakeStraw	10/17/2014 11:45:34 AM
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Nimble Storage Inc. (NYSE: NMBL) made its IPO debut back in December of last year and at one point was crushed back below the original offering price after doubling. Nimble has developed a hybrid storage architecture engineered from the ground up to seamlessly integrate flash and high-capacity drives. Yet another huge leap in storage technology that many people who need more capacity than older enterprise systems have been embracing. The Piper Jaffray team reports that results for Nimble Storage were again very solid for the quarter with 24% of resellers above plan. Nimble’s net percentage of resellers above plan (+6%) was second best among all the publicly traded storage vendors in the survey, second only to EMC. The analysts expect the company to beat earnings and raise estimates. Nimble is rated Overweight, and Piper Jaffray has a very big $47 price target. The consensus target is $37.30. Shares closed Thursday at $25.42. A trade to the UBS target would be more than an 85% gain for investors. 247wallst.com

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