Shares of Nimble Storage (NMBL) were advancing in after-hours trading on Tuesday after reporting a narrower-than-expected loss and revenue that beat analysts’ estimates for the fiscal 2017 second quarter. Post opening the session at $8.55, the shares hit an intraday low of $8.42 and an intraday high of $8.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red. This certification adds to the SAP HANA certification Nimble formerly obtained for its Adaptive Flash CS-Series arrays as enterprise storage solutions for the SAP HANA platform.
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Gross profit margin in the quarter rose was 67%, down from 67.8% a year ago, on a non-GAAP basis. The company’s revenue was up 21.2% compared to the same quarter past year.
GAAP operating loss was $39.3 million for the second quarter of fiscal 2017, contrast to a loss of $29.5 million in the second quarter of fiscal 2016.
Non-GAAP operating loss was $15.5 million for the second quarter of fiscal 2017, compared to a loss of $7.2 million in the second quarter of fiscal 2016. The company posted revenue of $97.10 million in the period, compared to analysts expectations of $94.71 million.
$1 Billion in Bookings Secured.
08/24/2016 – Nimble Storage, Inc. had its “equal-weight” rating reiterated by analysts at Barclays.
New Predictive Flash Array Offers Aggressive Entry Point to All-Flash Market. The starting point for an AF1000 has up to 20TB effective capacity and is expandable up to 165TB effective capacity in 4U. Nimble credited strong AFA bookings for the good performance. Nimble also introduced a new generation of Adaptive Flash arrays with significantly improved price-performance and price-capacity benefits across the portfolio.
The company launched AF-series All Flash Arrays storage equipment that relies exclusively on flash memory chips.
Nimble Storage Receives Flash Memory Summit Most Innovative Flash Memory Customer Implementation Award. The analyst with the most favorable outlook has the stock moving to $14, while the most conservative analyst has a target of $14 on shares. The stock appeared -67.90% below its 52-week highs and is up 8.27% for the last five trades. They presently have a $10.00 target price on the stock, up from their previous target price of $8.00. Now the stock price is moving -67.72% off from the highest level of twelve months and +56.38% above from twelve months low.
Recently analysts working for numerous investment brokerages have updated their research report ratings and price targets on shares of Nimble Storage, Inc.
Can Nimble Storage, Inc. become the newest Buy stock following this news? . He has been writing and editing professionally for over six years. The stock is performing -4.13% year to date. (NYSE:NMBL) in a research report sent to investors on Wednesday morning.
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Nimble Storage, Inc. has a 50 day moving average of 7.81 and a 200 day moving average of 7.61. The company has Relative Strength Index (RSI 14) of 70.13 along with Average True Range (ATR 14) of 0.28. The mean estimate from 3 months ago underwent a change of 3.028%. The share price is now 11.28 percent versus its SMA20, 10.36 percent versus its SMA50, and -0.86 percent versus its SMA200. (NYSE:NMBL) shares have a consensus rating of 2.35. The ratio is positive, as 34 funds sold all Nimble Storage Inc shares owned while 33 reduced positions. The company now has a Return on Equity of -85.30% and Return on Investment of -76.90%.
