Nimble Storage upgraded to Overweight at Pacific Crest Securities

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

From Sector Weight prior, analyst Alex Kurtz models Nimble Storage's contract competition at 50% from Dell EMC and considers the latter emphasizing an improved cost of sales strategy for the mid-market, suggesting decrease in direct involvement for greater-sized transactions, particularly in the $100K-$250K range. Consequently views Nimble Storage as potentially able to grow win rates among larger deals, appeal to new channel partners and escalate revenue growth near a 25% level.

Nimble Storage (NYSE:NMBL+2.71% early.

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