Nimble Storage takes off following IPO


After pricing its 8M-share IPO at $21 (above an elevated range), Nimble Storage (NMBL) opened at $31.10 and is currently trading at $30.07, up 43.2%.

The maker of hybrid flash/hard drive storage systems sports a market cap of $2.11B, or perhaps ~20x 2013 revenue (given how sales have been trending). Investors appear willing to pay steep multiples for Nimble on account of its triple-digit growth and proprietary CASL architecture.

Nimble's strong showing might encourage rival Nimbus Data (makes flash-only storage systems) to speed up its IPO plans.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs