Nimble Storage Cut In Half

shares are trading lower by $9.90 at $10.49 in Friday's session. The catalyst for the sharp decline is Q3 miss of $0.06 with nearly $7 million less in revenues than expected. In addition, a host of Wall Street analyst are chasing the price lower by downgrading the issue. The beatdown from after-hours and pre-market trading continued into the regular session. However, it appears shorts may be attempting to reel in profits as there has been a persistent buyer in the lower lower-to-mid $10 handle for most of the regular session, with current low standing at $10.30.

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