Barclays Capital dropped their price objective on shares of Fusion-io (NYSE:FIO) from $15.00 to $13.00 in a research note issued on Friday, American Banking News reports. Barclays Capital’s target price would indicate a potential upside of 14.74% from the company’s current price.
FIO has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Fusion-io in a research note to investors on Thursday. Separately, analysts at RBC Capital cut their price target on shares of Fusion-io from $16.00 to $13.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Pacific Crest cut their price target on shares of Fusion-io from $19.00 to $17.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock.
Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Fusion-io currently has an average rating of “Hold” and a consensus price target of $17.76.
Fusion-io (NYSE:FIO) opened at 11.33 on Friday. Fusion-io has a 1-year low of $13.99 and a 1-year high of $32.63. The stock’s 50-day moving average is currently $15.98. The company’s market cap is $1.110 billion.
Fusion-io (NYSE:FIO) last announced its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $110.20 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Fusion-io will post $0.15 EPS for the current fiscal year.
Fusion-io Inc (NYSE:FIO) is a provider of datacenter solutions that accelerate databases, virtualization, cloud computing, big data, and the applications that help drive business from the smallest e-tailers to some of the largest data centers, social media leaders, and Fortune Global 500 businesses.
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