Shares of predictive flash storage solutions company #NimbleStorage (NMBL) are well below their 2013 IPO price of $21. The last 12 months have seen the stock plummet by 69%, and it now trades for less than $8 per share.
The company's fourth-quarter earnings were OK, but the company's weak outlook is more than reason enough for investors to worry about the future. What went wrong with Nimble? Is there the possibility of a turnaround somewhere on the road up ahead, or does it remain a weak stock that will only plunge further? Let's take a look.
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