Company Update (NYSE:NMBL): Nimble Storage Inc Names Mark Stevens Vice President of EMEA

Nimble Storage Inc (NYSE:NMBL) announced that Mark Stevens has joined the company and will serve as vice president of EMEA. Stevens brings nearly 35 years of technical, sales and leadership experience to Nimble. He will draw from his extensive background in the enterprise storage space, having previously spearheaded UK channel and enterprise strategy for NetApp, as well as EMEA strategy for Isilon Systems. At Nimble, Stevens will oversee all of EMEA’s sales and channel efforts, helping to strengthen Nimble’s enterprise presence and grow the channel.

“The storage market in EMEA is growing, and flash storage adoption is gaining rapidly. Mark’s incredible success and experience leading sales and channel efforts for storage companies in the UK and EMEA will be instrumental to furthering our presence and championing our unique predictive flash offering,” saidSuresh Vasudevan, CEO, Nimble Storage. “Mark joins us after an illustrious career at NetApp and Isilon, and we are proud to welcome him to our team.”

Stevens began his career in technical roles before transitioning to sales and management leadership positions. While serving as the vice president of the UK region for NetApp, Stevens grew revenues by a factor of 20. Additionally, during his time serving as vice president and general manager of EMEA for Isilon, he helped grow the company from infancy to a $2.25 billion acquisition by EMC and continued to lead the Isilon division within EMC for over five years.

“Great companies need not only great technology but great people. Nimble has both and is in a prime position to continue to gain market share from storage incumbents,” said Stevens. “I’m confident that Nimble is the future of storage, and I’m excited to help grow the company’s presence in EMEA and work with this already successful team.” (Original Source)

Shares of Nimble Storage Inc closed yesterday at $8.42, down $0.22 or -2.55%. NMBL has a 1-year high of $24.14 and a 1-year low of $5.64. The stock’s 50-day moving average is $8.09 and its 200-day moving average is $7.83.

On the ratings front, Nimble Storage has been the subject of a number of recent research reports. In a report released yesterday, Wells Fargo analyst Maynard Um upgraded NMBL to Buy. Separately, on September 30, Oppenheimer’s Ittai Kidron reiterated a Hold rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Maynard Um and Ittai Kidron have a total average return of 14.4% and 0.7% respectively. Um has a success rate of 66% and is ranked #171 out of 4182 analysts, while Kidron has a success rate of 55.5% and is ranked #1436.

Overall, 10 research analysts have assigned a Hold rating and 7 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $11.86 which is 40.9% above where the stock closed yesterday.

Nimble Storage, Inc. provides data storage platform. The company’s Adaptive Flash platform, CASL flash-optimized file system and InfoSight cloud-based management software, are delivered as CS-series storage arrays coupled with support services and InfoSight subscription services. It enables IT organizations to accurately predict, manage and deliver the storage required to improve business applications and workloads across their IT environments. 


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