UBS Downgrades Nimble Storage (NMBL) to Neutral

Susquehanna Estimates Market Cap Loss Following Nimble Storage's (NMBL) Revenue Miss and Guidance; Cuts Price Target to $20

Susquehanna maintained a Positive rating on Nimble Storage (NYSE: NMBL), and cut the price target to $20.00 (from $35.00), following the company's 3Q earnings report. Based on after-hours trading, Susquehanna estimates NMBL will lose >$600M of market... More

Nimble Storage (NMBL) Reports Miss Driven by Competitive Dynamics; Summit Research Cuts Price Target to $22

Summit Research maintained a Buy rating on Nimble Storage (NYSE: NMBL), and cut the price target to $22.00 (from $40.00), following the company's 3Q earnings report. Nimble reported numbers that were well below both guidance and consensus. The miss was driven by incumbent price competition in the enterprise segment and prior lower investment in the commercial segment leading to its slower growth. Based on conversations with the companys management on why the company insists on investing in the enterprise, the company noted that for every dollar in the initial revenue, repeat revenue will be in... More

Nimble Storage (NMBL) FQ3 Miss Delays Break-Even Beyond 2016, Piper Jaffray; PT Cut to $20

Nimble Storage (NYSE: NMBL) reported FQ3 results, missing the midpoint of guidance by 7% and no longer expects to reach positive operating income in the January quarter. Management attributed the revenue miss to their decision to constrain investments in favor of reaching this break-even point. However, prior to this quarter, there was no indication... More

Raymond James Downgrades Nimble Storage (NMBL) to Market Perform

Raymond James downgraded Nimble Storage (NYSE: NMBL) from Strong Buy to Market Perform and removed their $32 price target.

Analyst Brian Alexander commented, "We are downgrading NMBL to Market Perform following a disappointing quarter and outlook that calls for a meaningful deceleration in revenue growth and sustained operating losses.... More

Wunderlich Securities Downgrades Nimble Storage (NMBL) to Hold

Wunderlich Securities downgraded Nimble Storage (NYSE: NMBL) from Buy to Hold with a price target of $14.00 (from $33.00).

For an analyst ratings summary and ratings history on Nimble Storage click here. For more ratings news on Nimble Storage click here.

Shares of Nimble Storage closed at $20.39 yesterday.

William Blair Downgrades Nimble Storage (NMBL) to Market Perform

William Blair downgraded Nimble Storage (NYSE: NMBL) from Outperform to Market Perform following the miss and guide lower.

Analyst Jason Ader commented, "We are downgrading shares of Nimble to Market Perform from Outperform following a sharp miss-and-lower quarter, which management directly attributed to... More

Barclays Downgrades Nimble Storage (NMBL) to Equalweight

Barclays downgraded Nimble Storage (NYSE: NMBL) from Overweight to Equalweight with a price target of $15.00 (from $30.00).

For an analyst ratings summary and ratings history on Nimble Storage click here. For more ratings news on Nimble Storage click here.

Shares of Nimble Storage closed at $20.39 yesterday.

Oppenheimer Downgrades Nimble Storage (NMBL) to Perform

Oppenheimer downgraded Nimble Storage (NYSE: NMBL) from Outperform to Perform.

For an analyst ratings summary and ratings history on Nimble Storage click here. For more ratings news on Nimble Storage click here.

Shares of Nimble Storage closed at $20.39 yesterday.

Pacific Crest Downgrades Nimble Storage (NMBL) to Sector Weight

Pacific Crest downgraded Nimble Storage (NYSE: NMBL) from Overweight to Sector Weight. The change follows Q3 results and disappointing guidance.

Analyst Brent Bracelin said, "Competitive pricing turned even more aggressive during the quarter, lengthening sales cycles and prompting a revenue shortfall and... More

Wells Fargo Downgrades Nimble Storage (NMBL) to Market Perform

Wells Fargo downgraded Nimble Storage (NYSE: NMBL) from Outperform to Market Perform and lowers their valuation range to $12-$13 from $31-$33. Decelerating growth to result in materially lower multiple, the analyst said. Also they see very limited visibility looking forward.

Analyst Maynard Um... More

Stifel Downgrades Nimble Storage (NMBL) to Hold

Stifel downgraded Nimble Storage (NYSE: NMBL) from Buy to Hold and removes their $40 price target following a big miss in Q3 and lower guidance.

Analyst Aaron Rakers commented, "Nimbles F3Q16 results and F4Q16 outlook materially missed expectations; more importantly we / investors will now question the companys ability to invest its way out of what appears to be an increasingly competitive landscape (albeit emphasizing consistent commercial win rates). Nimble reported revenue of $80.7M, well below the companys $86-$88M guidance. Nimble attributed the F3Q16 shortfall and a material change in... More

RBC Capital Downgrades Nimble Storage (NMBL) to Sector Perform

RBC Capital downgraded Nimble Storage (NYSE: NMBL) from Outperform to Sector Perform with a price target of $16.00 (from $40.00).

Analyst Amit Daryanani commented, "We are lowering our rating on NMBL from OP to SP after a disappointing FQ3 announcement. Our concern and downgrade has more to do with the forward... More

Nimble Storage (NMBL) Misses Q3 EPS by 6c, Q4 Guidance Falls Short

Nimble Storage (NYSE: NMBL) reported Q3 EPS of ($0.14), $0.06 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $80.7 million versus the consensus estimate of $87.44 million.

Nimble Storage sees Q4 2015 EPS of ($0.11)-($0.13), versus the consensus of $0.00. Nimble Storage sees Q4 2015... More