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Nimble Storage Inc (NYSE:NMBL) has been upgraded to Outperform in a report by Wells Fargo & Co. today.

Wells Fargo & Co. has upgraded Nimble Storage Inc (NYSE:NMBL) to Outperform in a statement released on 9/29/2016.

Boasting a price of $8.11, Nimble Storage Inc (NYSE:NMBL) traded 4.69% higher on the day. The last stock close price is up 8.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Nimble Storage Inc has recorded a 50-day average of $8.11 and a two hundred day moving average of $7.79. 994,080 shares of the stock traded hands, down from an average trading volume of 1,037,170

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Nimble Storage Inc (NYSE:NMBL)

Nimble Storage Inc has 52 week low of $5.64 and a 52 week high of $24.17 and has a market capitalization of $0.

In addition to Wells Fargo & Co. reporting its stock price target, a total of 19 firms have reported on the stock. The consensus target price is $11.39 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Nimble Storage Inc (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, enables its end customers to achieve the performance and capacity requirements of mainstream enterprise applications.

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