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Nimble Storage +2.3% on Wells Fargo launch

Aug. 08, 2014 9:22 AM ETNimble Storage, Inc. (NMBL) StockNMBLBy: Eric Jhonsa, SA News Editor1 Comment
  • Wells Fargo's Maynard Um has launched coverage on Nimble (NYSE:NMBL) with an Outperform and $32-$34 valuation range. He cites the potential for "material" share gains, international expansion, large enterprise expansion (fueled by new products), repeat orders, channel leverage, and continued growth in Nimble's core SMB market,
  • The hybrid storage system vendor delivers its FQ2 report on Aug. 26. A slew of other firms have upgraded or launched coverage with bullish ratings since May.

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