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

|By:, SA News Editor

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.