Fusion-io (NYSE:FIO) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. They currently have a $24.00 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 61.07% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Monness Crespi & Hardt downgraded shares of Fusion-io from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at Benchmark Co. downgraded shares of Fusion-io from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $13.00 price target on the stock. Finally, analysts at Mizuho downgraded shares of Fusion-io from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $13.00 price target on the stock, down previously from $22.00.
One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.31.
Shares of Fusion-io (NYSE:FIO) opened at 14.90 on Thursday. Fusion-io has a one year low of $12.72 and a one year high of $32.63. The stock’s 50-day moving average is currently $14.35. The company’s market cap is $1.465 billion.
Fusion-io (NYSE:FIO) last posted its quarterly 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 $0.21 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.