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Actionable news in NMBL: NIMBLE STORAGE Inc,

Nimble (NMBL) Stock Advances, Barclays Ups Price Target on Q2 Beat

NEW YORK (TheStreet) -- Shares of Nimble Storage (NMBL) were increasing 4.54% to $9.22 in early morning trading on Wednesday as Barclays raised the San Jose, CA-based storage technology vendor's price target this morning to $10 from $9 following its better-than-expected second quarter results.

The firm maintained its "equal weight" rating on the stock and noted its second quarter results demonstrate that Nimble's revamped growth strategy is making strides.

After yesterday's market close, Nimble reported an adjusted loss of 19 cents per share, beating Wall Street's projected loss of 20 cents per share.

Revenue rose 21% year-over-year to $97.1 million, surpassing analysts' expectations of...