Fusion-io Now Covered by Craig Hallum (FIO)
Equities researchers at Craig Hallum began coverage on shares of Fusion-io (NYSE:FIO) in a research report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Several other analysts have also 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. Separately, 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 investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have assigned a buy rating to the stock. Fusion-io currently has a consensus rating of “Hold” and an average price target of $13.61.
Fusion-io (NYSE:FIO) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported ($0.06) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.04. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $89.31 million. During the same quarter last year, the company posted $0.13 earnings per share. Fusion-io’s revenue was down 21.6% compared to the same quarter last 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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