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Fly News Breaks for May 27, 2015
NMBL
May 27, 2015 | 07:56 EDT
UBS introduced the "Law of 40" for Nimble Storage, which suggests the company's revenue growth plus operating margin should roughly equal 40. The firm sees the company's top-line growth slowing to 20% while operating margins could grow to 20%. UBS believes rising investor confidence in profitability should support the stock and reiterated its Buy rating and $40 price target on Nimble Storage shares.
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