Fusion-IO Coverage Initiated by Analysts at Roth Capital (FIO)
Analysts at Roth Capital initiated coverage on shares of Fusion-IO (NYSE:FIO) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $12.50 price target on the stock. Roth Capital’s price objective suggests a potential upside of 41.56% from the company’s current price.
A number of other firms have also recently commented on FIO. 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 analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. Fusion-IO presently has an average rating of “Hold” and an average price target of $12.91.
Fusion-IO (NYSE:FIO) traded up 2.49% on Friday, hitting $9.05. 1,863,845 shares of the company’s stock traded hands. Fusion-IO has a 52-week low of $7.77 and a 52-week high of $15.59. The stock has a 50-day moving average of $8.35 and a 200-day moving average of $9.65. The company’s market cap is $977.3 million.
Fusion-IO (NYSE:FIO) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that Fusion-IO will post $-0.32 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.