Stock Update (NYSE:NMBL): Nimble Storage Inc Announces Executive Appointments Across EMEA

Nimble Storage Inc (NYSE:NMBL), the flash storage solutions company, today announced that is has strengthened its EMEA operations with the appointments of veteran sales and marketing executives. Leveraging extensive industry experience, Gabriel Chadeau has been appointed Country Manager for France , and Peter Gibbs and Dan Cavanagh will lead channel sales and enablement across EMEA.

“Our latest executive appointments underscore the expanding investment and commitment we’re making to accelerate growth across the EMEA region. We believe we’ve selected the most ambitious and enthusiastic sales leader in France to expand our business operations and the adoption of the Adaptive Flash platform in territory,” said Clare Loveridge , vice president of Sales, EMEA. “Both Peter and Dan bring years of IT sales and marketing expertise, which positions them well to support our expanding channel ecosystem across EMEA with go-to-market sales initiatives and enablement.”

Gabriel Chadeau, (42), joins Nimble to lead the business operations in France , bringing extensive experience in the IT market gained in various management positions, including most recently serving as sales director leading the Southern European team at Vision Solutions (formerly Double-Take Software). During his twelve years tenure at Vision Solutions , Chadeau was instrumental in initiating and expanding the company’s presence, and enabling a channel ecosystem in France . Chadeau served in a range of direct and channel sales assignments at PTC and EMC prior to joining Double-Take. In this new role, Chadeau will report directly to Loveridge.

Peter Gibbs , (45), a Nimble veteran, has been appointed director of Channel Sales in EMEA reporting directly to Leonard Iventosch , vice president of Worldwide Channels. Prior to this appointment Gibbs was on the EMEA Cisco strategic alliances team at Nimble. Gibbs also served in a range of channel assignments through his 18-year tenure at Cisco Systems , which included serving more than 12 years in the Cisco Emerging Markets Partner Organization . In his new position, Gibbs will be responsible for the go-to-market delivery across the company’s EMEA partner ecosystem, which is expected to fuel sustainable and profitable growth throughout the region.

Dan Cavanagh , (39), joined Nimble as a channel business development manager for the company’s EMEA business, reporting directly to Alvin DaCosta , senior director of worldwide Channel Marketing. Cavanagh will draw upon his more than 15 years of storage industry experience serving in similar channel leadership assignments previously at HP, Dell , and CommVault . In this role, Cavanagh will be responsible for channel go-to-market strategy and enablement by providing robust channel programs, and leading business development and operations across EMEA.

The Nimble Adaptive Flash platform is now the preferred choice for more than 6,800 customers in over 50 countries around the world. The Nimble Adaptive Flash platform offers a single storage architecture that dynamically caters to the needs of enterprise-wide workloads across performance, capacity, and data protection — delivering on the full potential and benefits of storage consolidation. (Original Source)

Shares of Nimble Storage opened today at $7.03 and are currently trading down at $6.88. NMBL has a 1-year high of $32.16 and a 1-year low of $6.57. The stock’s 50-day moving average is $9.48 and its 200-day moving average is $20.52.

On the ratings front, Nimble Storage has been the subject of a number of recent research reports. In a report issued on January 11, D.A. Davidson analyst Mark Kelleher maintained a Hold rating on NMBL, with a price target of $9, which implies an upside of 28.0% from current levels. Separately, on December 18, Wunderlich Securities’ Matthew Robison reiterated a Hold rating on the stock and has a price target of $11.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Mark Kelleher and Matthew Robison have a total average return of -1.3% and -1.2% respectively. Kelleher has a success rate of 44.4% and is ranked #2294 out of 3582 analysts, while Robison has a success rate of 47.9% and is ranked #2378.

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 implies an upside of 291.2% from current levels.

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.


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