William Blair Downgrades Fusion-io (FIO) to Market Perform

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Go back to William Blair Downgrades Fusion-io (FIO) to Market Perform

William Blair Lowers Fusion-io (FIO) to Market Perform; Enterprise Bookings Lagging Views

January 8, 2013 11:11 AM EST

William Blair downgraded Fusion-io (NYSE: FIO) from Outperform to Market Perform today after checks hinted that consensus estimates might be a little "rich."

According to analyst Jason Ader and the team, recent checks indicated that bookings are growing at a slower-than-expected pace, specifically on the enterprise side of the business. "While sales to the company's Web-scale clients and ramping sales in China could help fill some... More