Fusion-IO Reaches New 12-Month Low at $7.77 (FIO)
Fusion-IO (NYSE:FIO) hit a new 52-week low on Monday , AnalystRatings.Net reports. The stock traded as low as $7.77 and last traded at $7.87, with a volume of 1,125,347 shares changing hands. The stock had previously closed at $7.99.
FIO has been the subject of a number of recent research reports. Analysts at Macquarie cut their price target on shares of Fusion-IO from $11.00 to $10.00 in a research note on Thursday, April 24th. Analysts at Bank of America reiterated a “neutral” rating on shares of Fusion-IO in a research note on Thursday, April 24th. They now have a $11.00 price target on the stock, down previously from $12.00. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Fusion-IO has an average rating of “Hold” and an average price target of $12.94.
The stock’s 50-day moving average is $8.64 and its 200-day moving average is $9.. The company’s market cap is $873.7 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 $-0.32 earnings per share 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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