Traders Buy Large Volume of Put Options on Fusion-io (FIO)
Shares of Fusion-io (NYSE:FIO) was the target of some unusual options trading on Monday. Traders acquired 5,498 put options on the company, AnalystRatings.Net reports. This represents an increase of approximately 224% compared to the average volume of 1,696 put 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 issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $50.91.
Fusion-io (NYSE:FIO) traded down 0.74% on Tuesday, hitting $13.50. The stock had a trading volume of 2,882,265 shares. Fusion-io has a one year low of $10.38 and a one year high of $32.63. The stock’s 50-day moving average is $12.41 and its 200-day moving average is $14.58. The company’s market cap is $1.352 billion.
Fusion-io (NYSE:FIO) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the 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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