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Shares of Violin Memory (NASDAQ:VMEM) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $6.17.

Shares of Violin Memory (NASDAQ:VMEM) opened at 3.91 on Friday. Violin Memory has a 1-year low of $2.50 and a 1-year high of $7.98. The stock’s 50-day moving average is $4.08 and its 200-day moving average is $3.93. The company’s market cap is $352.4 million.

Violin Memory (NASDAQ:VMEM) last released its earnings data on Thursday, May 29th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was down 27.0% on a year-over-year basis. Analysts expect that Violin Memory will post $-0.83 EPS 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, August 7th. 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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