SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Nimble Storage, Inc. – NMBL

NEW YORK, NY / ACCESSWIRE / November 20, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Nimble Storage, Inc. (“Nimble” or the “Company”)(NYSE: NMBL). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Nimble and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and/or Sections 11 and 15 of the Securities Act of 1933.

On December 13, 2013, the Company conducted an initial public offering (“IPO”), pricing its stock at $21.00 per share. After trading as high as $58.00 in February 2014, the Company’s stock price steadily declined throughout the remainder of 2014 and 2015. On November 19, 2015, post-market, the Company announced an adjusted third-quarter loss of $0.14 per share on revenue of $80.7 million. Analysts had forecasted a loss of $0.08 per share on revenue of $87.5 million.

On this news, the Company’s stock has fallen as low as $10.30, or 50% of its IPO price, during intraday trading on November 20, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

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