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Zacks Investment Research upgraded Nimble Storage Inc (NYSE:NMBL) to Hold in a report released today.

Zacks Investment Research has upgraded Nimble Storage Inc (NYSE:NMBL) to Hold in a report released on 11/30/2016.

Yesterday Nimble Storage Inc (NYSE:NMBL) traded 0.13% higher at $7.55. The company’s 50-day moving average is $8.11 and its 200-day moving average is $8.04. The last stock close price is down -6.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,428,186 shares of the stock were exchanged, up from an average trading volume of 1,112,940

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Nimble Storage Inc (NYSE:NMBL)

Nimble Storage Inc has a 52 week low of $5.64 and a 52 week high of $11.33 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, 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, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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