Nimble Storage (NMBL) Earnings Call Takeaways - Susquehana

Susquehana analyst, Mehdi Hosseini, reiterated his Positive rating on Nimble Storage (NYSE: NMBL) after last night's good print and guide. The two things that stood out were increased deal sizes and traction with All-Flash solutions. No change to $12 PT.

Key Takeaways:

1) NMBL's All-Flash traction was impressive given that it only shipped for six weeks in the quarter, but garnered 12% of all array bookings

2) large Enterprise bookings appear to be rebounding (likely a result of the introduction of the All-Flash solution) as this segment's bookings grew 43% Y/Y

3) deal sizes are rising, not just because the AFA is higher priced than the Hybrid solution, but NMBL is seeing customers embrace the unified offering by purchasing bundled AFA and Hybrid configurations

4) NMBL's cash balance guidance of $185M-$190M by FY17-end is encouraging, and signals that NMBL does not anticipate significant cash burn (only ~$10M-$20M over the next three quarters)

For an analyst ratings summary and ratings history on Nimble Storage click here. For more ratings news on Nimble Storage click here.

Shares of Nimble Storage closed at $7.35 yesterday.

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