Credit Suisse Maintains an 'Outperform' on Fusion-io (FIO); Competitive Advantage Remains Intact

Credit Suisse maintains an 'Outperform' on Fusion-io (NYSE: FIO) price target of $50.00.

Credit Suisse analyst feels FIO has a competitive advantage and the company may continue to pick up traction if/when Integrated Device (Nasdaq: IDTI) announces high performance PCIe controllers available outside of Micron (NYSE: MU)...Current valuation is attractive (7x EV/CY12 sales estimates)

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 $30.15 yesterday.

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