Morgan Stanley Sees Nimble Storage Leading Share Gains in Storage

In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on Nimble Storage NMBL. In the report, Morgan Stanley noted, “Nimble is a next-generation storage company that leverages the strength of both flash and disk drives to offer much better price/performance than traditional vendors. Its disruptive technology drives over 50% revenue growth in CY15 against flat to mid-single digit growth for the storage industry. We rate NMBL Equal-weight as the stock already prices in revenue growth upside, in our view.” Nimble Storage closed on Thursday at $26.88.
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Posted In: Analyst ColorReiterationAnalyst RatingsKaty L. HubertyMorgan Stanley
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