NEW YORK (TheStreet) -- Shares of Nimble Storage (NMBL) were advancing in after-hours trading on Tuesday after reporting a narrower-than-expected loss and revenue that beat analysts' estimates for the fiscal 2017 second quarter.

After the market close, the San Jose, CA-based storage technology vendor posted an adjusted loss of 19 cents per share, while analysts had been modeling an adjusted loss of 20 cents a share. 

Revenue rose 21% year-over-year to $97.1 million and topped analysts' projections of $94.7 million. 

The company saw "strong momentum in customer and channel partner adoption of our All Flash arrays," CEO Suresh Vasudevan said in a statement. 

For the current quarter, Nimble expects to report an adjusted loss between 17 cents and 19 cents a share on revenue between $100 million and $103 million.

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Analysts surveyed by Thomson Reuters are looking for an adjusted loss of 17 cents per share on $101 million in revenue.

Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D-.

Nimble Storage's weaknesses include its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: NMBL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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