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).