Nimble Storage (NMBL) Tops Q1 EPS by 3c, Offers Q2 Guidance

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Go back to Nimble Storage (NMBL) Tops Q1 EPS by 3c, Offers Q2 Guidance

Raymond James Maintains Strong Buy Following Nimble Storage (NMBL) 1Q16

May 27, 2015 8:36 AM EDT

Raymond James maintains a Strong Buy rating and $33.00 price target on Nimble Storage (NYSE: NMBL) following 1Q16 results. NMBL revenue of $71.3M beat $69.1million estimates. Reported non-GAAP EPS of $(0.10) compared to $(0.13) estimate.

Analyst Brian Alexander commented, "We maintain our Strong Buy rating on shares of NMBL following better than expected revenue and EPS results. In a quarter where legacy vendors struggled mightily, Nimble exceeded consensus revenue by 2% and guided 1% above for July.... More