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Morgan Stanley Sees Triple-Digit Growth Out of the Gate for Nimble Storage


In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on Nimble Storage (NASDAQ: NMBL).

In the report, Morgan Stanley noted, “Nimble beat revenue, GM, and operating profit expectations on the back of accelerating new customer adoption, continued strong repeat purchases, and a growing channel and sales force. F4Q14 was an incredibly clean quarter and we view NMBL as a core holding in storage but current valuation (14.5x FY16 EV/Sales) keeps us EW.”

Nimble Storage closed on Thursday at $53.00.

Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Reiteration Analyst Ratings


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