Though Fusion-io (FIO) reported earnings that slightly beat estimates and revenue that handily beat estimates, the stock sold off 13% after hours. With 170% year-over-year revenue growth, the report made clear that the move to flash memory storage was gaining steam.
Fusion-io provided revenue guidance for the next quarter that easily surpassed the Capital IQ analyst consensus, but that might also be weighing on the stock as investors tend to prefer more growth than basically flat sequential guidance.
Read full article at Seeking Alpha.
Disclosure: Long OCZ. Please review the disclaimer page for more details.