Pacific Crest Reiterates Outperform on Fusion-io (FIO)
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Price: $11.24 --0%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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Pacific Crest reiterated an Outperform rating on Fusion-io (NYSE: FIO) with a price target of $14.00. Analyst Brent Bracelin thinks investors should buy the stock given opportunity for a turnaround in 2014, which isn't well understood.
The report notes that channel partners are seeing increased interest in Fusion-io's new appliances and storage software. In addition, the company may benefit from a third-gen platform and a shrinking competitive field.
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 $11.64 yesterday.
The report notes that channel partners are seeing increased interest in Fusion-io's new appliances and storage software. In addition, the company may benefit from a third-gen platform and a shrinking competitive field.
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 $11.64 yesterday.
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