Fusion-io (NYSE:FIO) Insider Shawn Lindquist bought 11,000 shares of the company’s stock on the open market in a transaction dated Friday, October 25th. The shares were purchased at an average price of $9.50 per share, for a total transaction of $104,500.00. Following the transaction, the insider now directly owns 24,253 shares in the company, valued at approximately $230,404. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on FIO. Analysts at Needham & Company cut their price target on shares of Fusion-io from $18.00 to $16.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Fusion-io from $12.00 to $11.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Fusion-io from $13.00 to $11.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.30.
Shares of Fusion-io (NYSE:FIO) traded up 14.88% on Monday, hitting $10.96. The stock had a trading volume of 9,406,239 shares. Fusion-io has a one year low of $10.38 and a one year high of $32.63. The stock’s 50-day moving average is $12.34 and its 200-day moving average is $14.56. The company’s market cap is $1.095 billion.
Fusion-io (NYSE:FIO) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.73 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 26.9% on a year-over-year basis. Analysts expect that Fusion-io will post $-0.26 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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