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).

From other sites
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
DJIA (DIA) S&P 500 (SPY)
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