Fusion-io Inc. Hits New 52-Week Low at $8.32 (FIO)
Shares of Fusion-io (NYSE:FIO) hit a new 52-week low during trading on Monday, American Banking News reports. The stock traded as low as $8.32 and last traded at $8.47, with a volume of 2,675,409 shares trading hands. The stock had previously closed at $8.56.
A number of analysts have recently weighed in on FIO shares. Analysts at Needham & Company reiterated a “buy” rating on shares of Fusion-io in a research note to investors on Thursday, January 2nd. Separately, analysts at UBS AG downgraded shares of Fusion-io from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd. They now have a $11.00 price target on the stock, down previously from $15.00. Finally, analysts at Lazard Capital Markets reiterated a “buy” rating on shares of Fusion-io in a research note to investors on Thursday, November 7th. They now have a $14.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the stock. Fusion-io has an average rating of “Hold” and a consensus target price of $13.94.
Fusion-io has a 52 week low of $8.40 and a 52 week high of $22.10. The stock’s 50-day moving average is $9.13 and its 200-day moving average is $11.90. The company’s market cap is $892.4 million.
Fusion-io (NYSE:FIO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters 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 $-0.29 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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