Nimble Storage, Violin Memory higher after SanDisk/Fusion-io

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

SanDisk's $1.1B deal to acquire PCIe server flash module leader Fusion-io is giving a lift to hybrid storage array vendor Nimble Storage (NMBL +3.7%) and flash array vendor Violin Memory (VMEM +2.5%).

Nimble also might be benefiting from an upgrade to Outperform from Macquarie. Shares failed to get a boost on Friday from an upgrade to Strong Buy from Raymond James. Both moves follow the end of Nimble's lockup expiration last Wednesday.

Struggling Violin was reported in February to have held buyout talks with several firms. Activist investor The Clinton Group, which once had been calling for a sale, struck a deal with management in April.