Glancy Prongay & Murray Commences Investigation on Behalf of Nimble Storage Investors

Glancy Prongay & Murray LLP is investigating potential claims on behalf of investors of Nimble Storage, Inc. concerning the company’s and its officers’ possible violations of federal securities laws.

It is preparing a lawsuit on behalf of injured Nimble Storage investors.

On November 19, 2015, the company issued a press release announcing its third quarter 2015 results. Nimble Storage reported a non-GAAP operating loss of $10.8 million and a GAAP net loss of $28.6 million. The company attributed the poor results to a “shift in investment from commercial to enterprise business” that impacted the company’s commercial revenue growth more than anticipated.

On this news, Nimble Storage shares fell $10.34 per share, or 51%, to close at $10.05 per share on November 20, 2015, thereby injuring investors.