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

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

Nimble Storage Announces Third Quarter 2016 Results

November 19, 2015 4:00 PM EST

SAN JOSE, Calif., Nov. 19, 2015 /PRNewswire/ -- Nimble Storage (NYSE: NMBL), the flash storage solutions company, today reported financial results for the fiscal third quarter 2016.  The Company has released a discussion of these results by posting the current Shareholder Letter on its website at http://investors.nimblestorage.com.

Financial Highlights:

Total revenue increased 37% to $80.7 million, up from $59.1 million in the third quarter of fiscal 2015.  Excluding fluctuations in foreign currency, revenue would have been $83.5... More