Nimble Storage (NMBL) Reports In-Line Q4 EPS; Guides Q1 EPS Below the Street

Nimble Storage (NYSE: NMBL) reported Q4 EPS of ($0.12), in-line with the analyst estimate of ($0.12). Revenue for the quarter came in at $90.1 million versus the consensus estimate of $88.21 million.

"Our long-term goal is to emerge as the leader in storage. We executed well against that vision in our fourth quarter, adding a record 752 new customers, ending fiscal year 2016 with 7,580 customers - a pace of customer acquisition that remains unmatched by any emerging vendor in our industry," said Suresh Vasudevan, chief executive officer, Nimble Storage. "With the recent expansion of our Predictive Flash platform to include All Flash arrays that leapfrog competitive offerings, we now have an industry-leading storage portfolio that delivers absolute performance, superior scalability and non-stop availability to our customers, at a total cost of ownership (TCO) that is up to 33 to 66 percent lower than competitive all flash arrays."

"We finished fiscal year 2016 with solid results. Looking ahead at fiscal year 2017, we are very excited about the prospects and traction of our Predictive Flash platform," said Anup Singh, chief financial officer. "The investments we are making in accelerating our commercial business, and in entering the all flash market will allow us to accelerate market share gains and position Nimble to emerge as the next storage leader."

GUIDANCE:

Nimble Storage sees Q1 2017 EPS of ($0.25)-($0.27), versus the consensus of ($0.16). Nimble Storage sees Q1 2017 revenue of $83-86 million, versus the consensus of $85.6 million.

For earnings history and earnings-related data on Nimble Storage (NMBL) click here.

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