Fusion-io (FIO) Scheduled to Post Quarterly Earnings on Wednesday
Fusion-io (NYSE:FIO) is scheduled to be issuing its quarterly earnings data on Wednesday, January 22nd. Investors interested in participating in the company’s conference call can do so using this link.
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 expect Fusion-io to post $-0.29 EPS for the current fiscal year and $-0.13 EPS for the next fiscal year.
Fusion-io (NYSE:FIO) opened at 8.98 on Tuesday. Fusion-io has a 52 week low of $8.32 and a 52 week high of $21.87. The stock has a 50-day moving average of $9.01 and a 200-day moving average of $11.71. The company’s market cap is $947.2 million.
Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Fusion-io in a research note to investors on Tuesday, January 14th. They set a “neutral” rating on the stock. On the ratings front, analysts at Needham & Company reiterated a “buy” rating on shares of Fusion-io in a research note to investors on Thursday, January 2nd. Finally, 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. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have given a buy rating to the stock. Fusion-io currently has a consensus rating of “Hold” and an average price target of $13.94.
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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