Fusion-io Sees Unusually High Options Volume (FIO)
Fusion-io (NYSE:FIO) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 31,649 call options on the company, AnalystRatingsNetwork.com reports. This represents an increase of approximately 972% compared to the typical volume of 2,952 call options.
FIO has been the subject of a number of recent research reports. Analysts at Piper Jaffray Cos. upgraded shares of Fusion-io (NYSE:FIO) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday. Separately, analysts at Craig Hallum upgraded shares of Fusion-io (NYSE:FIO) from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $18.00 price target on the stock, up previously from $12.00. Finally, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Fusion-io (NYSE:FIO) in a research note to investors on Monday. They now have a $645.00 price target on the stock, up previously from $17.00.
Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $50.91.
Fusion-io (NYSE:FIO) opened at 13.92 on Tuesday. Fusion-io has a one year low of $10.38 and a one year high of $32.63. The stock has a 50-day moving average of $12.41 and a 200-day moving average of $14.58. The company’s market cap is $1.394 billion.
Fusion-io (NYSE:FIO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $110.20 million. During the same quarter last year, the company posted $0.09 earnings per share. Fusion-io’s revenue was down .5% compared to the same quarter last year. Analysts expect that Fusion-io will post $0.01 EPS for the current fiscal year.
Fusion-io Inc (NYSE:FIO) is a provider of datacenter solutions that accelerate databases, virtualization, cloud computing, big data, and the applications that help drive business from the smallest e-tailers to some of the largest data centers, social media leaders, and Fortune Global 500 businesses.
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