Nimble Storage +2.2% AH following Piper coverage launch

|About: Nimble Storage, Inc. (NMBL)|By:, SA News Editor

Piper has launched coverage on Nimble Storage (NMBL) with an Overweight and $50 PT.

Shares fell 11.3% in regular trading as part of a general rout in high-beta enterprise tech names. They're down 41% from a Feb. 28 high of $58, but still up 64% from a $21 December IPO price.

Nimble's lockup expiration arrives on June 11.