Seeking Alpha

Nimble Storage sells off in spite of FQ4 beat, solid revenue guidance

  • After opening higher following its FQ4 beat, Nimble Storage (NMBL -9.4%) gradually sold off. With shares trading at 19x FY15E (ends Jan. '15) revenue going into earnings, some good news was priced in.
  • Nimble guided on its CC (transcript) for FQ1 revenue of $42M-$44M and EPS of -$0.16 to -$0.17 vs. a consensus of $40.4M and -$0.15. Aggressive spending continues to pressure near-term profits: Opex rose 80% in FQ4 to $40.6M.
  • Gross margin rose 540 bps Y/Y to 67.2%. Nimble says it added 527 new customers during the quarter, raising the size of its installed base to 2,645. EMEA and Asia-Pac accounted for nearly 17% of bookings (a new high).
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Comments (1)
  • berniespear
    , contributor
    Comments (251) | Send Message
    Great company. Think a lot of that selloff was because of the run up, profit taking. I woulda took some profits too. Thinking of getting back in now, this area is on fire.
    28 Feb 2014, 07:09 PM Reply Like
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