Benchmark Maintains a 'Buy' on Fusion-io (FIO); Takeaways From Management Meeting
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Price: $14.79 -0.27%
Rating Summary:
11 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade FIO Now!
Benchmark maintains a 'Buy' on Fusion-io (NYSE: FIO) price target of $35.00.
Analyst, Gary Mobley, said, "We walked away from the meeting confident the FIO shares should perform better now that: 1) EMC World has concluded, 2) the company’s gross margins are on a road to recovery, and 3) OEM server partners have now qualified ioDrive2. Other key focal points during the meeting included the competitive dynamics for PCIe flash cards and the market opportunity for PCIe direct attached flash cards."
For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.
Shares of Fusion-io closed at $19.84 yesterday, with a 52 week range of $14.90-$41.74.
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Analyst, Gary Mobley, said, "We walked away from the meeting confident the FIO shares should perform better now that: 1) EMC World has concluded, 2) the company’s gross margins are on a road to recovery, and 3) OEM server partners have now qualified ioDrive2. Other key focal points during the meeting included the competitive dynamics for PCIe flash cards and the market opportunity for PCIe direct attached flash cards."
For an analyst ratings summary and ratings history on Fusion-io click here. For more ratings news on Fusion-io click here.
Shares of Fusion-io closed at $19.84 yesterday, with a 52 week range of $14.90-$41.74.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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