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Shares of Nimble Storage (NASDAQ:NMBL) have received an average rating of “Buy” from the twenty analysts that are currently covering the company, StockRatingsNetwork reports. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.19.

Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Nimble Storage from $33.00 to $35.00 in a research note on Wednesday. Separately, analysts at Barclays raised their price target on shares of Nimble Storage from $28.00 to $30.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Nimble Storage from $35.00 to $36.00 in a research note on Wednesday. They now have a “strong-buy” rating on the stock.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 3.96% on Thursday, hitting $27.65. 500,730 shares of the company’s stock traded hands. Nimble Storage has a 52-week low of $19.17 and a 52-week high of $58.00. The stock has a 50-day moving average of $27.10 and a 200-day moving average of $32.31. The company’s market cap is $1.976 billion.

Nimble Storage (NASDAQ:NMBL) last posted its quarterly earnings results on Tuesday, August 26th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $50.54 million. During the same quarter in the previous year, the company posted ($0.51) earnings per share. The company’s revenue for the quarter was up 86.9% on a year-over-year basis. Analysts expect that Nimble Storage will post $-0.59 EPS for the current fiscal year.

In other Nimble Storage news, CTO Umesh Maheshwari unloaded 32,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $28.72, for a total transaction of $919,040.00. The transaction was disclosed in a legal filing with the SEC, which is available at 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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