In focus: Nimble Storage, Inc. (NMBL) Trading Patterns

William Blair restated a "market perform" rating on shares of Nimble Storage in a research note on Saturday, November 26th.

Turning to earnings, analysts are expecting Fortinet, Inc. Out of the polled analysts providing targets, the high is now $45, while the low is resting at $30. The analyst projections are -$0.14 in EPS on $113.56 million in revenues. The High end of the Estimate is $112 Million, while the Low end of the Estimate is $103.9 Million.

For the year, the company reported that its loss widened to $158.3 million, or $1.85 per share. Needham & Company LLC reiterated a "buy" rating and issued a $12.00 price objective on shares of Nimble Storage in a research report on Friday, November 25th. (NASDAQ:FTNT) has a consensus target price of $38.1 on the stock. The share price is trading in a range of $8.53 - 9.16. Including today's unusual volume, Nimble Storage, Inc.'s stock is performing at 8.59% on the year.

Several analysts are now covering the company.

Now we look at the Moving Averages, the 200-day is 5.08, the 50-day is 1.12 and the 20-day is -1.89. Given that its average daily volume over the 30 days has been 0.96 million shares a day, this signifies a pretty significant change over the norm.

Liquidity ratios helps investors to determine a company's ability to pay off its debts.

Nimble Storage, Inc. (NYSE:NMBL) has 93.08 Million shares outstanding and 73.75 Million shares were floated in market. The average true range of the stock is observed at 0.28 and the relative strength index of the stock is recorded at 47.69. Friess Associates LLC bought a new stake in shares of Nimble Storage during the second quarter worth $4,856,000. (NYSE:UA) as "STRONG BUY", 0 rated as "BUY" and 6 issued a "HOLD" rating. The recommendation falls on a scale between 1 and 5. The average and low price target for the stock are $11.41 and $8, respectively. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another. The stock Jumped 5.13 percent over the past six months.

Looking about the past performance history, the company plunged -4.87% in past week and climbed 1.53% in one month. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 13 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. Under Armour, Inc. (NYSE:UA) has a Return on Assets of 0 percent, Return on Equity of 0 percent, while Return on Investment of 0 percent. Moving to earnings estimates, for this current fiscal period, Wall Street analysts have projected that the company will post $-0.42 earnings per share.

Zacks ESP: Nimble's Earnings ESP is 0.00%. Analyst price targets may vary depending on the individual method used to calculate the estimate.

  • Zachary Reyes