Fusion-io PT Lowered to $11.00 (FIO)
Analysts at RBC Capital lowered their price target on shares of Fusion-io (NYSE:FIO) from $13.00 to $11.00 in a research report issued to clients and investors on Thursday, Analyst RN reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective suggests a potential downside of 15.25% from the company’s current price.
A number of other firms have also recently commented on FIO. Analysts at Morgan Stanley downgraded shares of Fusion-io to an “equal weight” rating in a research note to investors on Thursday. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Fusion-io from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday. Finally, analysts at Mizuho 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 a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. Fusion-io presently has an average rating of “Hold” and an average price target of $55.07.
Fusion-io (NYSE:FIO) opened at 12.98 on Thursday. 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 $1.300 billion.
Fusion-io (NYSE:FIO) last issued its quarterly earnings data 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 last year, the company posted $0.14 earnings per share. Fusion-io’s revenue was down 26.9% 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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