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Enter Symbol:
 
Fusion-IO, Inc. (FIO) [hlAlert]

Rating:
Buy FIO
down 13.48 %

Fusion-IO, Inc. (FIO) rated Buy with price target $20 by Needham

Posted on: Tuesday,  Jun 18, 2013  8:25 AM ET by Needham

Needham rated Buy Fusion-IO, Inc. (NYSE: FIO) on 06/18/2013, when the stock price was $12.98. Since
then, Fusion-IO, Inc. has lost 13.48% as of 07/23/2014's recent price of $11.23.
If you would have followed this Needham's recommendation on FIO, you would have lost 13.48% of your investment in 400 days.

Fusion-io Inc (Fusion) is a provider of data-centric computing solutions: a combination of hardware and software that places data closer to processing. Fusion?s family of NAND flash-based ioMemory technologies offer a solution that scales to meet the needs of information technology (IT) administrators and partners and allows them to re-imagine how data centers can be architected. Fusion?s software solutions are built on the ioMemory Virtual Storage Layer (VSL), a flash-optimized operating system (OS) subsystem that allows ioMemory to interact with the central processing unit (CPU) and system memory as a tier of memory, and emulates a block-based storage device to applications. Its ioMemory is for data center applications. A single ioMemory module has the capacity of 100 memory modules, and the performance of 1,000 disk drives.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/18/2013 8:25 AM Buy
None
12.98 20.00
as of 12/13/2013
1 Week down  -12.77 %
1 Month down  -23.07 %
3 Months down  -42.77 %
1 YTD down  -35.28 %

(*) Stock Price at the time of the recommendation.
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