Violin Memory (VMEM) Set to Announce Earnings on Wednesday
Violin Memory (NASDAQ:VMEM) will be posting its Q215 quarterly earnings results on Wednesday, August 27th. Analysts expect Violin Memory to post earnings of ($0.22) per share and revenue of $19.06 million for the quarter.
Shares of Violin Memory (NASDAQ:VMEM) opened at 3.74 on Tuesday. Violin Memory has a 52 week low of $2.50 and a 52 week high of $7.98. The stock’s 50-day moving average is $3.89 and its 200-day moving average is $3.94. The company’s market cap is $337.1 million.
On the ratings front, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Violin Memory presently has an average rating of “Hold” and an average price target of $6.17.
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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