Fusion-io Inc. Reaches New 12-Month Low at $9.53 (FIO)
Fusion-io (NYSE:FIO)’s share price reached a new 52-week low during mid-day trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as low as $9.53 and last traded at $9.68, with a volume of 24,436,436 shares traded. The stock had previously closed at $12.98.
FIO has been the subject of a number of recent research reports. Analysts at Needham & Company cut their price target on shares of Fusion-io from $18.00 to $16.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Fusion-io from $12.00 to $11.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Fusion-io from $13.00 to $11.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the stock. Fusion-io has a consensus rating of “Hold” and an average target price of $14.30.
Fusion-io has a 52-week low of $10.38 and a 52-week high of $32.63. The stock has a 50-day moving average of $12.34 and a 200-day moving average of $14.56. The company’s market cap is $983.5 million.
Fusion-io (NYSE:FIO) last released its earnings data on Wednesday, October 23rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. 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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