Nimble Storage (NMBL): Raising PT But Gross Margin Remains In Focus - Wells Fargo

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 7/4/2026

1. KRG
2. SPY
3. PBA
4. ALAR
5. CCH:LN
6. META
7. CCHGY
8. PRY:IM
9. PRYMY
10. SKA-B

Go back to Nimble Storage (NMBL): Raising PT But Gross Margin Remains In Focus - Wells Fargo

Summit Redstone Raises Price Target on Nimble Storage (NMBL) to $14 Following Solid 2Q

August 24, 2016 8:03 AM EDT

Summit Redstone reiterated a Buy rating on Nimble Storage (NYSE: NMBL), and raised the price target to $14.00 (from $12.00), following the company's 2Q earnings report. NMBL reported revenue ahead of consensus estimates by $2.3mln, with EPS coming ahead of the Street estimates by a penny. 3Q EPS was guided inline.

Analyst Srini Nandury commented, "Following Nimbles solid F2Q results, we reiterate... More