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Wells Fargo upgraded Nimble Storage (NYSE:NMBL) from Market Perform to Outperform in a report released today.

Yesterday Nimble Storage (NYSE:NMBL) traded 1.62% higher at $8.64. The company’s 50-day moving average is $8.25 and its 200-day moving average is $7.88. The last closing price is up 11.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 185,168 shares of NMBL traded hands, down from an average trading volume of 1,124,760

Wells Fargo has upgraded Nimble Storage (NYSE:NMBL) from Market Perform to Outperform in a report released on Wednesday October 12, 2016.

Recent Performance Chart

Nimble Storage (NYSE:NMBL)

Nimble Storage has 52 week low of $5.64 and a 52 week high of $24.14 and has a market capitalization of $0.

In addition to Wells Fargo reporting its stock price target, a total of 19 brokerages have issued a ratings update on the company. The average stock price target is $11.39 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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, enables its end customers to achieve the performance and capacity requirements of mainstream enterprise applications.

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