![]() ![]() ![]() We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum. Zacks Rank: Nimble’s Zacks Rank #3 when combined with a 0.00% ESP makes surprise prediction difficult. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at a loss of 36 cents. Sign up for a free trial to see revenue data from 2013 and more. Zacks ESP: Nimble’s Earnings ESP is 0.00%. Nimble Storages most recent revenue is from 2013. The acquisition is expected to be accretive to HPE earnings in the first full fiscal year following the close. That is not the case here, as you will see below. The San Jose, Calif.-based company plans to raise 160 million by offering 8 million shares at 18 to 20, up from its previous expected range of 16-18. HPE Completes Acquisition of Nimble Storage. This is because a stock needs to have both a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Our proven model does not conclusively show that Nimble is likely to beat estimates this quarter. Non-GAAP loss per share is projected in the range of 11 cents to 13 cents. Non-GAAP operating loss is expected within $8–$10 million. However, they remian wary of the stiff competition from existing players, like EMC and Pure Storage, which might weigh on Nimble’s margins.įor the fiscal fourth quarter, the company expects revenues in the range of $87 million to $90 million. Analysts view this as a big positive for the company that will allow it to gain traction in the all flash segment. Adjusted for currency, Nimble's revenue would. This enables you to unlock hybrid cloud use cases from test/dev and production to analytics and data protection. So what: Nimble reported quarterly revenue of 80.7 million, up 37 year-over-year, but about 6.7 million shy of the average analyst estimate. Non-GAAP operating loss is expected within 810 million. Leverage a multi-cloud flash fabric with HPE Nimble Storage and HPE Cloud Volumes for seamless, bi-directional data mobility between on-prem and cloud resources. For the fiscal fourth quarter, the company expects revenues in the range of 87 million to 90 million. Recently, the company launched AF-series All Flash Arrays storage equipment that relies solely on flash memory chips. Enable seamless data mobility across clouds. Meanwhile, it is acquiring large enterprise customers and equally concentrating on growing its mid-size customer base. Nimble Storage is positioning itself to benefit from the ongoing shift to flash-centric architectures from the conventional disk-centric architectures with its Adaptive Flash platform. Let’s see how things are shaping up for this announcement. However, the company has delivered negative earnings surprises in the last four quarters, with an average of 4.35%. Stocks Analysis by Zacks Investment Research covering: Intuit Inc, EMC Corporation, TiVo Corp, Cooper Companies Inc. Fundamentals See More Market Capitalization, K 1,110,361 Shares Outstanding, K 88,900 Annual Sales, 402,600 K Annual Income, -158,320 K 60-Month Beta 1.70 Price/Sales 2.76 Price/Cash Flow N/A Price/Book 9.93 Trade NMBL with: Price/Earnings ttm 0.00 Earnings Per Share ttm -1.84 Most Recent Earnings -0. Last quarter, the company delivered in line earnings. Paycor Scheduling Kiosk 4+ Biometric Time Clock App Nimble Software. in a spinoff scheduled to become official April 1.Nimble Storage, Inc NMBL is set to report fourth-quarter fiscal 2016 results on Mar 3. (PYCR) delivered earnings and revenue surprises of 20 and 3. You pay only for what you use, and we automatically deliver enough storage to. Last May, HPE said it would combine its technology-services division with Computer Sciences Corp. On demand, per-GB-per-month usage pricing for HPE Nimble Storage flash arrays. ![]() In September, the company announced it would spin off and merge some software assets in a deal with U.K.-based Micro Focus International Plc. This year, the Palo Alto, California-based company should conclude two multibillion-dollar deals unveiled in 2016. Whitman - who split her company from its personal computers and printers businesses in late 2015 - is trying to make Hewlett Packard Enterprise more flexible. The business reported declines of 9 percent in the previous quarter and 8 percent in the period before that. Nimble Storage salaries are collected from government agencies and companies. Sales in the key Enterprise Group - which includes servers and storage gear - dropped 12 percent to $6.3 billion. Addi tional support coverage is required for HPE Nimble Storage Arrays. 31 compared with the average analysts' projection of $12.07 billion. Revenue declined 10 percent to $11.4 billion in the quarter ended Jan. Ross Perot, is seeking faster-growing businesses. Hewlett Packard Enterprise, formed following the 2008 acquisition of Plano-based Electronic Data Systems founded by billionaire H. ![]()
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