Nimble Storage (NMBL) Tops Q4 EPS by 2c
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BMO Capital Downgrades Nimble Storage (NMBL) to Market Perform Amid Takeover
March 7, 2017 12:09 PM ESTBMO Capital downgraded Nimble Storage (NYSE: NMBL) from Outperform to Market Perform with a price target of $12.50.
Analyst Tim Long commented, "Earlier today, Hewlett Packard Enterprise announced its intent to acquire Nimble Storage, our top small cap pick for 2017, for $12.50 per... More
Nimble Storage (NMBL) Tops Q4 EPS by 2c
March 7, 2017 8:03 AM ESTIn addition to announcing an acquisition by Hewlett Packard Enterprise, Nimble Storage (NYSE: NMBL) reported Q4 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $117 million versus the consensus estimate of $113.61 million.
For earnings history and earnings-related data on Nimble Storage (NMBL) click here.
... MoreHewlett Packard Enterprise (HPE) to Buy Nimble Storage (NMBL) for $1B
March 7, 2017 7:46 AM ESTHewlett Packard Enterprise (NYSE: HPE) today announced it has entered into a definitive agreement to acquire Nimble Storage (NYSE: NMBL) , the San Jose, Calif.-based provider of predictive all-flash and hybrid-flash storage solutions. HPE will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE will assume or pay out Nimble's unvested equity awards, with a value of approximately $200 million at closing.
The acquisition expands HPE's leadership position in the high-growth flash storage marketCreates comprehensive, leading-edge... More