Fusion-io (FIO +12.4%) soars even higher as Credit Suisse's Kulbinder Garcha reinstates coverage...

|By:, SA News Editor

Fusion-io (FIO +12.4%) soars even higher as Credit Suisse's Kulbinder Garcha reinstates coverage with an Outperform and a price target of $50. Garcha believes the ability of the company's technology to allow customers to cut costs is greater than the street realizes and sees revenues for 2012 coming in ahead of current estimates. (earlier)