Nimble Storage Inc (NYSE:NMBL), the flash storage solutions company, today announces Cripps LLP has deployed the Nimble Storage Adaptive Flash platform, a transition from legacy storage infrastructure, as part of its IT systems supporting the reengineering of over 300 business processes.
Cripps required a storage solution that would support its two-year business transformation project effectively. Using Microsoft Dynamics to facilitate this shift, Cripps required twice as much data throughput and I/O performance than was provided by its legacy storage supplier, Dell EqualLogic.
Compared against competitor offerings, Cripps concluded that the Nimble Storage Adaptive Flash platform, comprised of the Nimble patented CASL architecture and InfoSight cloud-based management, was the best solution to meet Cripps’ key purchase criteria when testing in its own environment. Nimble also demonstrated the highest level of performance at a cost-effective price.
“Using Microsoft Dynamics to drive this project, we realized very rapidly that the data throughput we needed was such that we couldn’t stick with our legacy storage supplier. It was only providing us with a 300 MB/s environment when in fact we needed upwards of 1GB/s,” explained Mike Burton, Head of IT at Cripps LLP. “When testing storage suppliers with our workloads for raw performance and throughput, sheer simplicity of management and bang for our buck, Nimble came out as the clear leader. The Nimble Adaptive Flash platform was able to provide us with a 10GB/s environment and as such we saw a doubling of performance almost immediately after deployment.”
The firm also required an improvement in data security and continuity to comply with data protection regulations. With plans to implement Nimble SmartSnap and SmartReplicate data protection capabilities, the firm is now focusing increased attention on the security of its data.
Mike Burton added: “With the business continuity and data consolidation targets that we will need to meet over the course of the project, our storage requirements are only going to increase. I have confidence that the Nimble Adaptive Flash platform we’ve invested in will help us achieve these significant business objectives. It’s certainly a key ingredient in our overall aim to model our IT system around our new business processes.” (Original Source)
Shares of Nimble Storage closed last Friday at $7.61, down $0.34 or -4.28%. NMBL has a 1-year high of $32.16 and a 1-year low of $7.49. The stock’s 50-day moving average is $9.92 and its 200-day moving average is $21.35.
On the ratings front, Nimble Storage has been the subject of a number of recent research reports. In a report issued on December 18, Wunderlich Securities analyst Matthew Robison reiterated a Hold rating on NMBL, with a price target of $11, which represents a potential upside of 44.5% from where the stock is currently trading. Separately, on December 11, BMO’s Tim Long initiated coverage with a Hold rating on the stock and has a price target of $11.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Matthew Robison and Tim Long have a total average return of -1.3% and 2.2% respectively. Robison has a success rate of 47.9% and is ranked #2500 out of 3610 analysts, while Long has a success rate of 35.9% and is ranked #1184.
The street is mostly Neutral on NMBL stock. Out of 14 analysts who cover the stock, 10 suggest a Hold rating and 4 recommend to Buy the stock. The 12-month average price target assigned to the stock is $27.50, which represents a potential upside of 261.4% from where the stock is currently trading.
Nimble Storage Inc designs & sells a flash-optimized hybrid storage platform that it believes is disrupting the market by enabling improvements in application performance and storage capacity with data protection.