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NMBL $12.49

NMBL target price
12.49
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Nimble Storage
Type
Subsidiary
Industry Information technology, data storage, solid state drives
Founded 2008
Headquarters San Jose, California, United States
Key people
Varun Mehta, co-founder
Umesh Maheshwari, co-founder and CTO
Suresh Vasudevan, CEO
Products

AF-Series Predictive All Flash arrays: AF1000, AF3000, AF5000, AF7000, AF9000

CS-Series Adaptive Flash arrays: CS1000/H, CS3000, CS5000, CS7000
Number of employees
1000+
Parent Hewlett Packard Enterprise
Website www.nimblestorage.com

AF-Series Predictive All Flash arrays: AF1000, AF3000, AF5000, AF7000, AF9000

Nimble Storage is a predictive flash storage technology company based in San Jose, California founded in early 2008. It produces hardware and software products for data storage, specifically data storage arrays that use the iSCSI and Fibre Channel protocols and includes data backup and data protection features. Nimble is a subsidiary of Hewlett Packard Enterprise.

Nimble Storage was founded in January 2008 by Varun Mehta and Umesh Maheshwari. Nimble announced its first product, the CS200 series hybrid arrays in July 2010 at Tech Field Day.

The company received a total of $98 million in venture capital funding in 5 rounds from a total of 7 investors. A third round of $16 million was announced in December 2010 from existing investors Accel Partners, Lightspeed Venture Partners and Sequoia Capital. In September 2012, Nimble Storage secured $40.7 million from original backers as well as new investors Artis Capital Management and GGV Capital.

Varun Mehta was chief executive until March 2011, when he became vice president of engineering and Suresh Vasudevan became CEO. Umesh Maheshwari became chief technology officer.

In October 2013 the company filed for its initial public offering on the New York Stock Exchange. Nimble Storage went public on the NYSE on December 13, 2013, under the ticker symbol NMBL.

In June 2014, Nimble Storage announced the CS700 Series Arrays and an All-Flash Shelf, as well as its Adaptive Flash technology.

In August 2014, Nimble Storage completed an overhaul of their CS-Series, and added the CS300 and CS500 to their line-up.

In November 2014, Nimble Storage released arrays supporting the Fibre Channel protocol.

In July 2015, Nimble Storage announced updates to the Adaptive Flash platform, including Nimble SmartSecure (software-based encryption), all-flash service levels, the addition of REST APIs, InfoSight-VMVision per-VM monitoring, and integrated data protection.

In August 2015, Nimble Storage announces the completion of Federal Information Processing Standard 140-2 Certification from the National Institute of Standards and Technology for the Adaptive Flash platform.

In November, 2015, Nimble Storage was sixth on Deloitte's ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America.

In December 2015, Nimble Storage announced an expanded SmartStack technology for Cisco Systems products.

On February 23, 2016, Nimble Storage unveiled the Predictive All Flash Array series, combining fast flash performance with InfoSight Predictive Analytics.

On August 10, 2016, Nimble Storage announced the AF-1000 Series All Flash array as well as an updated CS-Series Adaptive Flash array portfolio.

On October 17, 2016, Lenovo announced a strategic partnership with Nimble Storage. The first line of offerings from this partnership is the ThinkAgile CX Series solution.

On March 7, 2017, Hewlett Packard Enterprise announced they are to buy Nimble Storage for approx $1.09 billion cash. The acquisition became final on April 5, 2017.

Nimble Storage's AF-Series arrays utilize flash performance as well as InfoSight Predictive Analytics. The AF-Series has product lines for data centers with different configurations based on the desired workload. The product lines are AF1000, AF3000, AF5000, AF7000, and AF9000.

The Nimble CS-Series iSCSI and Fibre Channel storage array has 4 product lines for data centers available in each CS-Series. The product lines are CS200, CS300, CS500, and CS700 and combine both HDDs with SSDs in a hybrid fashion. In August, 2016, Nimble Storage updated their CS-Series arrays to the following: CS1000/H, CS3000, CS5000, and CS7000. Nimble Storage also provides an All-Flash Shelf to add to CS-Series arrays.

The Secondary Flash Array was the first new Nimble product to be launched post merger with HPE. It is a hybrid system based around the standard Nimble architecture but with enhanced dedupe. The product is intended as a target for backups

Nimble Storage provides SmartStack integrated infrastructure technology for Cisco Systems. Jointly developed by Cisco and Nimble Storage, these SmartStack integrates compute, network, and storage resources. SmartStack provides Cisco Validated Designs and reference architectures that address the following workloads: desktop virtualization (or VDI), server virtualization and cloud computing, business-critical applications, Oracle database and applications, and SAP HANA.

NimbleOS is Nimble's operating system heavily dependent on a patented file-system architecture, cache accelerated sequential layout (CASL). NimbleOS includes: flexible flash scaling, adaptive flash service levels, dynamic flash-based read caching, write-optimized data layout, inline compression, scale-to-fit flexibility, scale out, snapshots and integrated data protection, efficient replication, deduplication, and zero-copy clones.

InfoSight is Nimble Storage's storage management and predictive analytics portal. It is designed to help with storage resource management as well as customer support.

InfoSight consists of:

Nimble Storage's Unified Flash Fabric unifies Nimble's All Flash and Adaptive Flash arrays into a single consolidation architecture with common data services. This architecture is built upon existing CASL architecture and InfoSight.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-26 Reiterated Rating Summit Redstone Buy
2016-05-26 Reiterated Rating BMO Capital Markets Market Perform $9.00
2016-05-26 Reiterated Rating Piper Jaffray Neutral
2016-05-26 Reiterated Rating Needham & Company LLC Buy $12.00
2016-05-26 Reiterated Rating Susquehanna Positive $12.00
2016-05-26 Reiterated Rating Piper Jaffray Cos. Neutral
2016-05-25 Reiterated Rating DA Davidson Neutral $6.50
2016-05-25 Reiterated Rating Wells Fargo Hold
2016-05-25 Reiterated Rating Jefferies Group Buy
2016-05-25 Reiterated Rating Wells Fargo & Co. Hold
2016-05-23 Lower Price Target Maxim Group Buy $14.00 to $10.00
2016-04-30 Reiterated Rating Oppenheimer Hold
2016-04-30 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-04-26 Initiated Coverage BTIG Research Neutral
2016-03-07 Lower Price Target FBN Securities Outperform $15.00 to $10.00
2016-03-05 Reiterated Rating Goldman Sachs Hold
2016-03-05 Reiterated Rating Goldman Sachs Group Inc. Hold
2016-03-04 Lower Price Target Susquehanna Positive $15.00 to $12.00
2016-03-04 Lower Price Target Goldman Sachs Neutral $16.00 to $11.00
2016-03-04 Lower Price Target Summit Research Buy $22.00 to $20.00
2016-03-04 Downgrade JPMorgan Chase & Co. Overweight to Neutral $15.00 to $8.00
2016-03-04 Downgrade Piper Jaffray Overweight to Neutral $20.00 to $9.00
2016-02-26 Reiterated Rating William Blair Market Perform
2016-02-24 Upgrade Cross Research Hold to Buy
2016-02-22 Boost Price Target RBC Capital Sector Perform $8.00 to $16.00
2016-02-22 Boost Price Target Royal Bank Of Canada Sector Perform $8.00 to $16.00
2016-02-17 Reiterated Rating JPMorgan Chase & Co. Overweight
2016-02-16 Reiterated Rating DA Davidson Neutral $9.00 to $6.50
2016-02-06 Reiterated Rating Needham & Company LLC Buy $17.00 to $12.00
2016-01-28 Upgrade Maxim Group Hold to Buy $15.00 to $14.00
2016-01-20 Lower Price Target Barclays Equal Weight $15.00 to $9.00
2016-01-20 Lower Price Target Barclays PLC Equal Weight $15.00 to $9.00
2016-01-19 Lower Price Target Jefferies Group Buy $20.00 to $15.00
2016-01-11 Reiterated Rating DA Davidson Hold $11.00 to $9.00
2015-12-29 Reiterated Rating Macquarie Positive $15.00
2015-12-18 Lower Price Target Wunderlich Hold $14.00 to $11.00
2015-12-16 Initiated Coverage JMP Securities Market Perform
2015-12-11 Reiterated Rating BMO Capital Markets Market Perform $11.00
2015-12-10 Initiated Coverage BMO Capital Markets Market Perform $11.00
2015-12-04 Initiated Coverage JPMorgan Chase & Co. Overweight $15.00
2015-11-24 Upgrade DA Davidson Underperform to Neutral $15.00 to $11.00
2015-11-22 Reiterated Rating Susquehanna Buy $35.00 to $20.00
2015-11-20 Reiterated Rating Piper Jaffray Overweight $33.00 to $20.00
2015-11-20 Lower Price Target Macquarie Outperform $35.00 to $21.00
2015-11-20 Lower Price Target Jefferies Group Buy $33.00 to $20.00
2015-11-20 Lower Price Target BMO Capital Markets Outperform $30.00 to $15.00
2015-11-20 Lower Price Target Summit Research Buy $40.00 to $22.00
2015-11-20 Lower Price Target Needham & Company LLC Buy $32.00 to $17.00
2015-11-20 Downgrade Monness Crespi & Hardt Buy to Neutral
2015-11-20 Lower Price Target Maxim Group Hold $28.00 to $15.00
2015-11-20 Downgrade Raymond James Outperform to Market Perform
2015-11-20 Downgrade Wells Fargo Outperform to Market Perform $32.00 to $12.50
2015-11-20 Downgrade William Blair Outperform to Market Perform
2015-11-20 Downgrade Oppenheimer Outperform to Market Perform
2015-11-20 Downgrade Barclays Overweight to Equal Weight $30.00 to $15.00
2015-11-20 Downgrade Stifel Nicolaus Buy to Hold $40.00
2015-11-20 Downgrade RBC Capital Outperform to Sector Perform $40.00 to $16.00
2015-11-20 Downgrade Wunderlich Buy to Hold $28.00 to $14.00
2015-11-20 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-11-17 Lower Price Target DA Davidson Underperform $23.00 to $21.00
2015-11-16 Lower Price Target Monness Crespi & Hardt Buy $36.00 to $32.00
2015-10-14 Initiated Coverage Barclays Overweight $30.00
2015-10-05 Lower Price Target Oppenheimer Outperform $36.00 to $33.00
2015-10-01 Reiterated Rating RBC Capital Positive $40.00
2015-09-24 Upgrade Longbow Research Neutral to Buy $32.00
2015-09-22 Downgrade Goldman Sachs Buy to Neutral $26.00
2015-09-17 Reiterated Rating William Blair Buy
2015-09-08 Initiated Coverage Susquehanna Positive $35.00
2015-08-27 Reiterated Rating Needham & Company LLC Buy $32.00
2015-08-27 Reiterated Rating BMO Capital Markets Outperform $30.00
2015-08-26 Reiterated Rating William Blair Buy
2015-08-26 Lower Price Target RBC Capital Outperform $45.00 to $40.00
2015-08-26 Lower Price Target Raymond James Strong-Buy $33.00 to $32.00
2015-08-26 Boost Price Target Pacific Crest Overweight $44.00 to $45.00
2015-08-26 Boost Price Target KeyBanc $44.00 to $45.00
2015-08-26 Boost Price Target DA Davidson Underperform $22.00 to $23.00
2015-08-26 Upgrade Wunderlich Hold to Buy $33.00
2015-08-26 Boost Price Target KeyCorp $44.00 to $45.00
2015-08-24 Reiterated Rating Raymond James Buy $33.00
2015-07-28 Downgrade Needham & Company LLC Strong-Buy to Buy $35.00 to $32.00
2015-06-22 Boost Price Target Monness Crespi & Hardt Buy $32.00 to $36.00
2015-06-18 Reiterated Rating Oppenheimer Outperform $36.00
2015-06-18 Downgrade Wunderlich Buy to Hold $33.00
2015-06-09 Set Price Target Summit Research Buy $40.00
2015-05-29 Reiterated Rating FBN Securities Outperform $35.00 to $37.00
2015-05-27 Reiterated Rating Raymond James Strong-Buy $33.00
2015-05-23 Reiterated Rating Stifel Nicolaus Buy $40.00
2015-05-06 Reiterated Rating Oppenheimer Outperform $40.00
2015-04-17 Initiated Coverage BMO Capital Markets Outperform $30.00
2015-02-27 Lower Price Target Wunderlich Buy $37.00 to $33.00
2015-02-27 Reiterated Rating Needham & Company LLC Strong-Buy $37.00 to $35.00
2015-02-23 Boost Price Target DA Davidson Underperform $21.00 to $22.00
2015-02-23 Initiated Coverage Monness Crespi & Hardt Buy $32.00
2015-02-17 Set Price Target Piper Jaffray Buy $47.00 to $30.00
2014-11-26 Reiterated Needham Strong Buy $36 to $37
2014-11-26 Boost Price Target Needham & Company LLC Strong-Buy $36.00 to $37.00
2014-11-21 Initiated Coverage Maxim Group Hold $28.00
2014-10-09 Initiated Coverage Jefferies Group Buy $33.00
2014-09-18 Reiterated Rating Oppenheimer Outperform
2014-09-08 Initiated Coverage FBN Securities Outperform $35.00
2014-08-27 Reiterated Needham Strong Buy $35 to $36
2014-08-27 Boost Price Target Raymond James $33.00 to $35.00
2014-08-27 Boost Price Target Barclays Equal Weight $28.00 to $30.00
2014-08-27 Boost Price Target Needham & Company LLC Strong-Buy $35.00 to $36.00
2014-08-08 Initiated Coverage Wells Fargo & Co. Outperform $33.00
2014-08-08 Initiated Coverage Wells Fargo Outperform $33.00
2014-07-21 Boost Price Target Pacific Crest $42.00 to $44.00
2014-07-18 Initiated Coverage Roth Capital Buy $40.00
2014-06-26 Initiated Coverage Wunderlich Hold to Buy $37.00 to $38.00
2014-06-18 Upgrade Morgan Stanley Equal Weight to Overweight $38.00
2014-06-16 Upgrade Macquarie Neutral to Outperform
2014-06-13 Upgrade Raymond James Market Perform to Strong-Buy $33.00
2014-06-12 Reiterated Rating Goldman Sachs Buy
2014-06-10 Initiated Coverage Barclays Equal Weight $28.00
2014-05-30 Reiterated UBS Buy $45 to $40
2014-05-30 Lower Price Target Oppenheimer Outperform $63.00 to $40.00
2014-05-30 Boost Price Target Sterne Agee CRT Buy $43.00 to $44.00
2014-05-30 Reiterated Rating Piper Jaffray Overweight $50.00 to $47.00
2014-05-30 Reiterated Rating Pacific Crest Outperform $62.00 to $42.00
2014-05-30 Lower Price Target Stifel Nicolaus Buy $60.00 to $40.00
2014-05-30 Lower Price Target RBC Capital Outperform $56.00 to $45.00
2014-05-28 Initiated Coverage Macquarie Neutral $30.00
2014-05-26 Reiterated Rating DA Davidson Underperform $22.00
2014-05-23 Reiterated DA Davidson Underperform $22
2014-05-21 Upgrade Wunderlich Hold to Buy $38.00
2014-05-16 Reiterated Rating DA Davidson Underperform $26.50 to $22.00
2014-05-15 Upgrade Goldman Sachs Neutral to Buy $46.00 to $34.00
2014-05-12 Upgrade Ned Davis Research Sell to Neutral
2014-05-12 Upgrade William Blair Market Perform to Outperform $62.00 to $35.00
2014-05-12 Upgrade Needham & Company LLC Buy to Strong-Buy $62.00 to $35.00
2014-05-08 Reiterated Rating DA Davidson Underperform $26.50
2014-05-02 Reiterated Rating Piper Jaffray Overweight
2014-04-30 Reiterated Rating DA Davidson Underperform $26.50
2014-04-22 Initiated Coverage DA Davidson Underperform $26.50
2014-04-15 Initiated Coverage Raymond James Market Perform
2014-04-08 Initiated Coverage Sterne Agee CRT Buy $43.00
2014-04-03 Initiated Coverage Piper Jaffray Overweight $50.00
2014-03-27 Lower Price Target Wunderlich Hold $48.00 to $38.00
2014-03-17 Initiated Coverage Longbow Research Neutral
2014-03-13 Initiated Coverage Wunderlich Hold $48.00
2014-03-07 Initiated Coverage Summit Research Buy to Buy $60.00 to $60.00
2014-02-28 Boost Price Target Pacific Crest Outperform $46.00 to $62.00
2014-02-28 Boost Price Target Oppenheimer Outperform $50.00 to $63.00
2014-02-28 Initiated Coverage Needham & Company LLC Buy $62.00
2014-02-25 Boost Price Target RBC Capital $47.00 to $56.00
2014-01-21 Boost Price Target Stifel Nicolaus Buy $50.00 to $53.00
2014-01-13 Upgrade Pacific Crest Sector Perform to Outperform $46.00
2014-01-08 Initiated William Blair Mkt Perform
2014-01-08 Boost Price Target RBC Capital Outperform $40.00 to $47.00
2014-01-07 Initiated Stifel Buy $50
2014-01-07 Initiated Coverage William Blair Market Perform
2014-01-07 Initiated Coverage Morgan Stanley Equal Weight
2014-01-07 Initiated Coverage Needham & Company LLC Buy to Buy
2014-01-07 Initiated Coverage Pacific Crest Sector Perform to Sector Perform
2014-01-07 Initiated Coverage Oppenheimer Outperform $50.00
2014-01-07 Initiated Coverage Stifel Nicolaus Buy $50.00
2014-01-07 Initiated Coverage Goldman Sachs Neutral
2013-12-19 Initiated Coverage RBC Capital Outperform to Outperform $40.00
2016-06-26 Reiterated Rating Summit Redstone Buy
2016-05-26 Reiterated Rating BMO Capital Markets Market Perform $9.00
2016-05-26 Reiterated Rating Piper Jaffray Neutral
2016-05-26 Reiterated Rating Needham & Company LLC Buy $12.00
2016-05-26 Reiterated Rating Susquehanna Positive $12.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
MAHESHWARI UMESH Chief Technology Officer 5646230.14%  (4121748) NMBL /
Accel IX Associates L.L.C. 1458057.53%  (1064382) NMBL /
SC XII MANAGEMENT LLC 907808.22%  (662700) MOBL / NMBL / RNG /
MUNOZ MICHAEL VP Sales 797904.11%  (582470) NMBL /
LEARY DANIEL VP Marketing 388117.81%  (283326) NMBL /
Mann Eric VP of Worldwide Sales 253424.66%  (185000) NMBL / VRNS /
Li Ping 48871.23%  (35676) NMBL / YUME /
Nieh Peter 20547.95%  (15000) NMBL /
SCHAEPE CHRISTOPHER J 18780.82%  (13710) HIVE / NMBL / RVBD / TNTR /
Mhatre Ravi 6438.36%  (4700) NMBL /