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Lazard is going contrarian on Fusion-io (FIO -17.4%), upgrading shares to Buy even as they get...

Lazard is going contrarian on Fusion-io (FIO -17.4%), upgrading shares to Buy even as they get clobbered thanks to the huge FQ3 guidance miss accompanying its FQ2 beat. However, 4 other firms have downgraded to Neutral. During its earnings call, Fusion-io argued higher efficiencies obtained by Apple and Facebook have "led to a shift in their near-term demands," while insisting competition isn't an issue. The company also mentioned it saw 5 $1M+ orders last quarter for its new ioScale modules, and announced today Alibaba is a customer.
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Comments (1)
  • AZ Desert Trader
    , contributor
    Comments (242) | Send Message
     
    Not sure anyone should be surprised by this result for FIO. take a lookk at all the insider selling the last few months.
    31 Jan 2013, 10:32 AM Reply Like
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