It had recovered to just above $17 and crashed again, down 15%, thanks to Nimble. The Nimble Partner Program is a perfect fit for Hikari given that both companies have a key strategic partnership with Microsoft. Pure went public last month in an IPO that flopped, finishing the day at about $16, below its initial price of $17. Working with Nimble has also allowed us to grow our partner to partner revenue, surfacing additional opportunities to collaborate and co-sell with leading Microsoft CSP partners. Investors have also become even more scared off of newly public company Pure Storage, fearing the price wars could hurt its business, too. The deal rescues Nimble from an uncertain fate, said Roger Cox, a Gartner research vice president covering data center infrastructure. On top of that, it's taking Nimble longer to close contracts with new customers than it expected.ĭowngrades poured down on Nimble by Friday, including from Barclays, RBC Capital, UBS, Wunderlich, Stifel, Oppenheimer, and Pacific Crest, reports 24/7 Wall Street. Others lowered their price targets like Sterne Agee CRT, Jeffries, and Piper Jaffray. It also depends on whether someone can tolerate, for example, 95 cache hit rate or if they need consistent 100 cache hits. Find many great new & used options and get the best deals for Nimble Storage 1TB 7.2K SAS 12Gb/s 3. In a blog post about the HPE acquisition, Nimble CEO Suresh Vasudevan acknowledged the 'challenge of scale and significant exposure' that impelled its decision to sell. Say goodbye to unplanned downtime, performance compromises, and missed SLAs. The storage market is packed with players and there's a price war going on, said CEO Suresh Vasudevan on the quarterly conference call. Rely on proven 6-9s availabilityguaranteed. The street wanted to hear $99.2 million in revenue with breakeven results on the bottom line.īut what's really killing Nimble is the reason it gave for the losses: Its competitors. Nimble reported a loss of $0.14/share, deeper than the loss of $0.08 a share that analysts were expecting.Īnd Q4 estimates were below analysts expectations, too, for a quarter when analysts expected it to hit break-even: Nimble expects to hit Q4 revenue of $87 million - $90 million and a loss of $0.11 to $0.13 a share. We are always buying used equipment with. We buy small and large lots of technology assets and will arrange the packing and removal of equipment from your facility within 24 hours of agreement. Account icon An icon in the shape of a person's head and shoulders. Supersellers-USA will buy your decommissioned and off lease servers, used storage arrays and disk shelves, datacenter hardware and network equipment.
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