NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Nimble Storage, Inc. ("Nimble Storage" or the "Company") (NYSE: NMBL -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Nimble Storage 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.
Following this news, Nimble Storage stock fell $10.34 or 50.71% to close at $10.05 on November 20, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Nimble Storage, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC