Thursday, March 28, 2013
Double Bottom In Fusion-io?
This enterprise storage maker continues to struggle as major customers pulled back on short-term orders to end 2012. This caused the stock of Fusion-io (FIO) to crater back to all-time lows below $16.
The company is a leader in delivering storage solutions that accelerate virtualization, databases, cloud computing, and big data. It is a play on the trend of storage conversion from hard disk drives to solid state drives (SSDs) or flash memory. SSDs have advantages that include immediate start-up, energy efficiency, faster, and no movable parts making them less breakable.
The sector is one of the fastest growing around, but the leading public companies continue to struggle with all of the stocks trading near lows. Both OCZ Technology Group (OCZ) and STEC (STEC) have had issues either with past executives or financial reporting.
Read the full article at Seeking Alpha.
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