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BMO Capital Markets upgraded Nimble Storage (NYSE:NMBL) from Market Perform to Outperform in a report released today.

BMO Capital Markets has upgraded Nimble Storage(NYSE:NMBL) from Market Perform to Outperform in a report released on 8/3/2016.

Previously on 5/23/2016, Maxim Group released a statement on Nimble Storage(NYSE:NMBL) lowered the target price from $14.00 to $10.00 that suggested an upside of 0.39%.

Boasting a price of $7.21, Nimble Storage (NYSE:NMBL) traded 0.95% higher on the day. The last close is down 4.20% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. Nimble Storage has registered a 50-day moving average of $8.07 and two hundred day average of $7.79. Volume of trade was was up over the average, with 1,157,321 shares of NMBL changing hands over the typical 1,038,850 shares.

Performance Chart:

Nimble Storage (NYSE:NMBL)

With a market capitalization of $0.0, Nimble Storage has a 52 week low of $5.64 and a one-year high of $25.18 with a PE ratio of 0.

In addition to BMO Capital Markets reporting it’s target price, a total of 19 equity analysts have released a ratings update on the stock. The one year target is $11.39 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the stock as sell.

About Nimble Storage (NYSE:NMBL)

Nimble Storage, Inc. (Nimble Storage) engineers and delivers its customers with flash storage platform. The Company’s Predictive Flash platform consists of a Unified Flash Fabric that provides a single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays, and InfoSight predictive analytics with integrated support and service offerings. It enables information technology (IT) organizations to manage performance, capacity and cost for the applications running across the data center with InfoSight cloud-based management software. The Predictive Flash platform includes over six components, such as AF-Series All Flash arrays, CS-Series Adaptive Flash arrays, Unified Flash Fabric, InfoSight, SmartStack and Timeless Storage. Its operating system, NimbleOS, and enables its end customers to achieve the performance and capacity requirements of mainstream enterprise applications.

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