Traders Buy High Volume of Fusion-io Put Options (FIO)
Shares of Fusion-io (NYSE:FIO) was the target of some unusual options trading activity on Monday. Investors acquired 5,220 put options on the company, AnalystRatingsNetwork reports. This represents an increase of 156% compared to the typical daily volume of 2,036 put options.
In other Fusion-io news, Insider James Dawson sold 75,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.00, for a total transaction of $1,125,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on FIO shares. 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, September 10th. They now have a $17.00 price target on the stock, up previously from $12.00. 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, September 9th. 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, September 9th. They now have a $645.00 price target on the stock, up previously from $17.00.
Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.21.
Shares of Fusion-io (NYSE:FIO) traded down 6.13% on Monday, hitting $13.78. The stock had a trading volume of 4,674,567 shares. Fusion-io has a 52 week low of $10.38 and a 52 week high of $32.63. The stock’s 50-day moving average is $12.34 and its 200-day moving average is $14.56. The company’s market cap is $1.380 billion.
Fusion-io (NYSE:FIO) last released its earnings data 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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