Fusion-io Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:FIO)
Fusion-io (NYSE:FIO) has been given a consensus recommendation of “Hold” by the twenty-four brokerages that are presently covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.01.
Shares of Fusion-io (NYSE:FIO) traded down 11.67% during mid-day trading on Thursday, hitting $8.55. The stock had a trading volume of 4,811,402 shares. Fusion-io has a 52-week low of $8.32 and a 52-week high of $20.20. The stock has a 50-day moving average of $10.67 and a 200-day moving average of $10.50. The company’s market cap is $911.7 million.
Fusion-io (NYSE:FIO) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.09) by $0.01. The company had revenue of $100.50 million for the quarter, compared to the consensus estimate of $96.70 million. During the same quarter last year, the company posted ($0.03) earnings per share. Fusion-io’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Fusion-io will post $-0.29 earnings per share for the current fiscal year.
FIO has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “neutral” rating on shares of Fusion-io in a research note on Thursday. They now have a $11.00 price target on the stock, down previously from $12.00. Analysts at Credit Agricole upgraded shares of Fusion-io from an “outperform” rating to a “buy” rating in a research note on Thursday, January 30th.
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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