Fusion-IO Lowered to Hold at Craig Hallum (FIO)
A number of other analysts have also recently weighed in on FIO. Analysts at Needham & Company LLC downgraded shares of Fusion-IO from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $16.00 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Fusion-IO from an “outperform” rating to a “neutral” rating in a research note on Monday. Finally, analysts at Piper Jaffray downgraded shares of Fusion-IO from an “overweight” rating to a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Fusion-IO currently has a consensus rating of “Hold” and a consensus target price of $12.99.
Shares of Fusion-IO (NYSE:FIO) opened at 11.36 on Tuesday. Fusion-IO has a one year low of $7.77 and a one year high of $15.59. The stock’s 50-day moving average is $8.45 and its 200-day moving average is $9.66. The company’s market cap is $1.227 billion.
Fusion-IO (NYSE:FIO) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. 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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