Nimble Storage (NMBL) Was Top Performer in Q1 Storage Survey, Piper Jaffray Says

Nimble Storage (NYSE: NMBL) was the top performer from Piper Jaffray's 1Q15 Storage Reseller survey, according to analyst Andrew Nowinski.

Nowinski commented, We conducted our 1Q15 Storage Reseller survey and collected feedback from 41 distributors/resellers located in North America and Europe. The top performers were the next-generation storage vendors, including Pure Storage (net +50%), Nimble Storage (net +22%) and Nutanix (net +18%). Nimble’s results were a significant improvement over the results in Q4. CommVault once again posted the weakest results of the entire storage group, with net results of -25%, which was a further deterioration from the -13% we noted in Q4."

• NMBL (net +22%) Posts Strong Q1 Results - Nimble Storage posted strong results with 44% of resellers above plan (net +22%). This was a substantial increase from Q4 in which Nimble had only 25% above plan (net -6%). Nimble also had the highest percentage of resellers (44%) expecting above normal seasonality in Q2(June).

On other vendors, the analyst noted:

• EMC (net 0%) Results Declined in Q1
• CVLT (net -25%) Results Continue to Decline
• Nutanix Top Converged Infrastructure Vendor

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