Fusion-io (NYSE) Dominates Market Niche - Benchmark
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Price: $13.26 -0.23%
Rating Summary:
13 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
13 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade FIO Now!
Following positive Q4 results, Benchmark analyst reiterated their Buy rating and $35 price target on Fusion-io (NYSE: FIO).
“The company’s strong growth and execution is a function of a strong market niche in host-based PCIe flash solutions which Fusion-io helped define with others struggling to emulate,” said analyst Gary Mobley.
“The key focal points for investors include: 1) the sales ramp of ioDrive2 and the qualifications with server OEMs, 2) gross margin improvement as a result of mix and/or lower NAND flash prices and 3) competition (or lack thereof). All of these dynamics are working in favor of Fusion-io,” added Mobley.
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 $21.02 yesterday, with a 52 week range of $14.90-$41.74.
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“The company’s strong growth and execution is a function of a strong market niche in host-based PCIe flash solutions which Fusion-io helped define with others struggling to emulate,” said analyst Gary Mobley.
“The key focal points for investors include: 1) the sales ramp of ioDrive2 and the qualifications with server OEMs, 2) gross margin improvement as a result of mix and/or lower NAND flash prices and 3) competition (or lack thereof). All of these dynamics are working in favor of Fusion-io,” added Mobley.
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 $21.02 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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