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Violin Memory (NASDAQ:VMEM) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Analyst Ratings News reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $6.17.

Shares of Violin Memory (NASDAQ:VMEM) traded down 1.35% on Friday, hitting $3.65. 104,788 shares of the company’s stock traded hands. Violin Memory has a 52 week low of $2.50 and a 52 week high of $7.98. The stock has a 50-day moving average of $4. and a 200-day moving average of $3.92. The company’s market cap is $329.0 million.

Violin Memory (NASDAQ:VMEM) last issued its quarterly earnings data on Thursday, May 29th. The company reported ($0.35) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.25) by $0.10. The company had revenue of $18.10 million for the quarter, compared to the consensus estimate of $23.80 million. Violin Memory’s revenue was down 27.0% compared to the same quarter last year. On average, analysts predict that Violin Memory will post $-0.83 earnings per share for the current fiscal year.

Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Violin Memory in a research note on Thursday. They now have a $4.00 price target on the stock, down previously from $4.50.

Violin Memory, Inc is pioneering a new class of flash-based storage systems that are designed to bring storage performance in-line with high-speed applications, servers and networks.

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