Fusion-io Given New $11.00 Price Target at Barclays (FIO)
Equities research analysts at Barclays lowered their price target on shares of Fusion-io (NYSE:FIO) from $13.00 to $11.00 in a research note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective suggests a potential downside of 15.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of Fusion-io from $18.00 to $15.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Fusion-io in a research note to investors on Thursday. They now have a $14.00 price target on the stock, down previously from $17.00. Finally, analysts at FBN Securities downgraded shares of Fusion-io from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Fusion-io presently has an average rating of “Hold” and an average price target of $15.07.
Fusion-io (NYSE:FIO) traded down 25.58% on Thursday, hitting $9.66. 21,659,216 shares of the company’s stock traded hands. 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 $12.34 and its 200-day moving average is $14.56. The company’s market cap is $967.5 million.
Fusion-io (NYSE:FIO) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.04. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.73 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 26.9% on a year-over-year basis. 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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