Lazard Capital maintains a Buy rating and $23 target on Fusion-io (NYSE: FIO) into Q413 results.

Analyst Ed Parker believes that, amid recent controversy surrounding management, sales in the quarter will be fine. Investors concerns over commoditization, marginalization, and competitive losses are unfounded in his view, following recent reseller and customer checks. He said, We harbor some concern that the CEO transition may be indicative of conflict with Fusion-io's OEM partners, but we think this is more than reflected in the stock.

Despite conviction that end-markets are growing rapidly, setting up from a strong 2014, Parker believes the CEO change might lead management to issue conservative guidance.

We believe many bears on the stock are conflating uneven top-line performance with evidence of competitive displacement and commoditization of the product offering, Parker said. For the quarter, he estimates revs of $110 million and a loss of $0.03 per share. FY14 revs are expected to be $557 million (implying 28 percent growth) and EPS of $0.25 (implying 25 percent growth).

Fusion-io will report on August 7, 2013.

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 $14.50 yesterday.