Fusion-io Stock Rating Upgraded by Zacks (FIO)
Fusion-io (NYSE:FIO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a $14.10 price target on the stock. Zacks‘ price target would suggest a potential upside of 2.10% from the company’s current price.
FIO has been the subject of a number of other recent research reports. Analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Fusion-io in a research note to investors on Tuesday, October 1st. Finally, analysts at Craig Hallum upgraded shares of Fusion-io 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. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.62.
Fusion-io (NYSE:FIO) traded up 0.66% during mid-day trading on Tuesday, hitting $13.81. The stock had a trading volume of 6,554,413 shares. Fusion-io has a one year low of $10.38 and a one year high of $31.02. The stock’s 50-day moving average is $12.69 and its 200-day moving average is $14.1. The company’s market cap is $1.383 billion.
Fusion-io (NYSE:FIO) last released its earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters 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. On average, analysts predict that Fusion-io will post $0.01 earnings per share 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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