Ashraf Eassa
Long/short equity, contrarian, independent research, tech

Fusion-Io's Full Of Excuses, But Where's The Execution?

Fusion-io (NYSE:FIO) is a name that has, admittedly, been quite frustrating. This is a company that I want to like, particularly as I believe that the company does have a leadership suite of products for the software-differentiated flash market, but management is making it exceedingly difficult to remain bullish with any sort of conviction. The most recent quarter wasn't too terrible, but the guidance for the upcoming quarter, as well as for full year FY2014, is puzzling at best and downright unbelievable at worst.

FY2014: Slowing Revenue Growth With Unrealistic Acceleration Throughout The Year

Fusion-io guided to 20% Y/Y growth from FY2013. Unsurprisingly, this fell short of Street expectations (which were of course based on prior management's expectations)...

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