Benchmark Maintains a 'Buy' on Fusion-io (FIO); Takeaways From Management Meeting

May 23, 2012 11:01 AM EDT
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Price: $11.24 --0%

Rating Summary:
    7 Buy, 19 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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