Violin Memory jumps on Wunderlich coverage launch

|About: Violin Memory, Inc. (VMEM)|By:, SA News Editor

Wunderlich's Kaushik Roy has started coverage on Violin Memory (VMEM +9.1%) with a Buy and $6 PT. He considers the flash storage vendor's recent troubles surmountable, and notes new CEO Kevin DeNuccio "has a track record for transforming businesses."

Roy has also assigned a Buy rating to storage giant EMC. Violin, reportedly on the block, sold off last week after its FQ4 numbers failed to impress.