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Apr. 22, 2014, 5:35 PM
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Apr. 10, 2014, 4:01 PM
- Following a two-day rebound, high-beta tech stocks are seeing monumental losses once again. The Nasdaq is closing with its biggest one-day decline since 2011 (eclipsing last week's 110-point drop).
- Security hardware/software providers were hard-hit following Imperva's (IMPV -43.8%) big warning: FEYE -11.6%. PANW -6.4%. PFPT -9.8%. FFIV -4.7%. KEYW -6.5%. FTNT -6.9%. QLYS -10.4%.
- Other high-beta enterprise names didn't fare much better: DATA -10%. SPLK -10.3%. WDAY -9.3%. VRNS -8%. EOPN -7.9%. FIO -7.6%. BLOX -9.7%.
- Major Internet decliners: P -11%. YELP -10.6%. ZNGA -6.6%. YY -7.3%. QIHU -9.3%. SINA -6.6%.
- Solar: TSL -10.4%. CSIQ -10.4%. JKS -7.9%. SPWR -7.4%. JASO -6.8%. CSUN -8.2%.
- 3D printing: DDD -10.6%. VJET -13.3%. ONVO -8.1%. XONE -7.7%. SSYS -6.7%.
Mar. 11, 2014, 11:30 AM
- Pac Crest's Brent Bracelin (Outperform, $14 PT) reports Fusion-io's (FIO +5.6%) channel partners are seeing improved demand for the company's new storage appliances and software.
- He also thinks Fusion-io could benefit from the launch of a 3rd-gen server flash module platform, and from diminishing competition. The PCIe flash module space has seen some consolidation, and Violin Memory recently suggested it's abandoning the market. But competition is still provided by Western Digital, Intel, LSI, and others.
- Fusion-io's sales were hit hard last year by declining orders from Apple and Facebook. The company is counting on a stronger enterprise push (led by new CEO/ex-H-P exec Shane Robison) and growing sales to other Web/cloud clients (e.g. Salesforce, Pandora, Yelp, Alibaba) to spark a turnaround.
Feb. 27, 2014, 1:43 PM
- Nimble Storage (NMBL +6.9%), Fusion-io (FIO +6%), and Violin Memory (VMEM +6.6%) are all rallying strongly ahead of Nimble's first earnings report as a public company (due after the close).
- Fusion-io had 15% of its float shorted as of Feb. 14. Violin, which sold 18M shares in a September IPO, had a 4.2M-share short interest as of Feb. 14.
- Going into its report, Nimble is up 157% from a December IPO price of $21.
Feb. 20, 2014, 4:39 PM
- Violin Memory (VMEM), under new management, coming off a rough 2013, and reportedly talking with suitors, says it has implemented job cuts that have lowered its headcount to 380 employees from an Oct. 31 level of 483.
- The company also says it's exploring options for its PCIe server flash memory module ops (the product of the Velocity acquisition) to focus on "markets where Violin has proven technology leadership and significant growth opportunities." Violin expects to finish its review by the end of FQ1 (ends in April), and achieve annual opex savings of $10M/year as a result.
- Violin's final decision for its PCIe business stands to have implications for Fusion-io (FIO), the most prominent independent player in this space.
- Violin's FQ4 report is due on March 6.
- VMEM +2.3% AH
Jan. 23, 2014, 12:47 PM
Jan. 23, 2014, 9:41 AM
- Fusion-io (FIO +11.7%) has been started at Buy by Craig-Hallum after beating FQ2 estimates and issuing light FQ3 guidance.
- Rambus (RMBS +5.3%) has been upgraded to Buy by Citi ahead of Monday's Q4 report.
- TE Connectivity (TEL -0.2%) has been upgraded to Buy by Cross Research after delivering an FQ1 beat yesterday.
- CalAmp (CAMP -7.7%) has been cut to Neutral by B. Riley.
Jan. 22, 2014, 4:21 PM
- Though it beat FQ2 estimates, Fusion-io (FIO) is guiding for FQ3 revenue to be flat to slightly up Q/Q. The consensus is for sales to rise 4% Q/Q to $97.9M.
- FQ2 gross margin was 57.6%, -180 bps Q/Q and -410 bps Y/Y, but soundly above a guidance range of 52%-54%. However, FQ3 gross margin is expected to fall to a range of 51%-53%.
- While revenue fell 22% Y/Y, opex rose 10% to $74M, thanks to healthy increases in both sales/marketing and R&D spend.
- Though maintaining a performance/latency technology edge over many rivals, Fusion-io has been dealing with declining orders from top customers Apple and Facebook, and growing competition from cheaper flash storage solutions (both server flash modules and standalone storage arrays).
- CC at 5PM ET. FQ2 results, PR.
Jan. 22, 2014, 4:21 PM
- Fusion-io, Inc. (FIO): Q2 EPS of $-0.06 beats by $0.04.
- Revenue of $94.5M (-21.6% Y/Y) beats by $5.19M.
- Shares -2.5%.
Jan. 22, 2014, 12:10 AM
Jan. 21, 2014, 5:35 PM
Dec. 19, 2013, 2:15 PM
- A number of enterprise IT hardware names are moving higher on a slightly down day for the Nasdaq after Oracle provided better-than-expected numbers for its long-struggling hardware unit.
- After falling 14% Y/Y in the August quarter and badly missing estimates,, Oracle's hardware product sales only fell 3% in the November quarter, a decline that's favorable to a guidance midpoint of -6%. In addition, Oracle has set an FQ3 guidance range for the business of -2% to +8%.
- H-P (HPQ +2.4%), EMC (EMC +1.7%), NetApp (NTAP +1.3%), SGI (SGI +2.1%), Cray (CRAY +1.5%), Fusion-io (FIO +1.9%), and newly-public Nimble Storage (NMBL +1.8%) are among the companies rallying.
- Mellanox (MLNX +5.5%), which supplies InfiniBand hardware for Oracle's engineered systems (now 30% of hardware product revenue), is up sharply.
Dec. 5, 2013, 10:45 AM
- Fusion-io (FIO +2.6%) has named Ted Hull, formerly Cisco's VP of finance, its new CFO. The hiring comes six weeks after Fusion-io announced CFO Dennis Wolf would be leaving to "pursue an opportunity at a private company." (PR)
- Fusion-io, wracked by executive upheaval this year, named a new sales chief on Tuesday.
Dec. 3, 2013, 11:31 AM
- Ian Whiting, who was hired only 15 months ago to be Riverbed's (RVBD +0.1%) sales chief (he previously worked at Brocade), is now leaving the WAN optimization hardware vendor to become Fusion-io's (FIO -5%) sales chief. (PR)
- The hiring comes less than two months after Fusion-io announced the departure of its last sales chief, James Dawson, in tandem with an FQ1 report that feature very weak guidance.
- Whiting joins a company that has seen major C-suite changes this year, and is trying to ramp its enterprise server flash module sales to offset declining orders from top customers Apple and Facebook.
- Fusion-io is still looking for a replacement for CFO Dennis Wolf, whose resignation was announced at the same time as Dawson's.
Dec. 3, 2013, 9:45 AM| Dec. 3, 2013, 9:45 AM
Oct. 28, 2013, 12:46 PM
Fusion-io Inc is a provider of data-centric computing solutions - a combination of hardware and software that places data closer to processing, resulting in dramatic improvements in both performance and efficiency.
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