Nimble Storage (NMBL) Set to Announce Quarterly Earnings on Tuesday
Nimble Storage (NASDAQ:NMBL) is scheduled to issue its Q215 quarterly earnings data on Tuesday, August 26th. Analysts expect the company to announce earnings of ($0.16) per share and revenue of $50.54 million for the quarter.
Nimble Storage (NASDAQ:NMBL) last announced its earnings results on Thursday, May 29th. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.02. The company had revenue of $46.50 million for the quarter, compared to the consensus estimate of $43.70 million. The company’s quarterly revenue was up 110.4% on a year-over-year basis. On average, analysts expect Nimble Storage to post $-0.58 EPS for the current fiscal year and $-0.19 EPS for the next fiscal year.
Shares of Nimble Storage (NASDAQ:NMBL) opened at 29.02 on Monday. Nimble Storage has a 52 week low of $19.17 and a 52 week high of $58.00. The stock’s 50-day moving average is $26.96 and its 200-day moving average is $32.63. The company’s market cap is $2.074 billion.
A number of research firms have recently commented on NMBL. Analysts at Wells Fargo & Co. initiated coverage on shares of Nimble Storage in a research note on Friday, August 8th. They set an “outperform” rating and a $33.00 price target on the stock. On a related note, analysts at Pacific Crest raised their price target on shares of Nimble Storage from $42.00 to $44.00 in a research note on Monday, July 21st. Finally, analysts at Roth Capital initiated coverage on shares of Nimble Storage in a research note on Friday, July 18th. They set a “buy” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $38.88.
In other Nimble Storage news, CTO Umesh Maheshwari sold 32,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $28.72, for a total value of $919,040.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Nimble Storage, Inc provides its customers with data storage platform. The Company focuses on research and development of its technology platform, developing new products and enhancing its cloud-based management services.
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