Out Fox The $treet

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. Disclosure: Long AAPL and short FB. Please review the disclaimer page for more details. ...

Anybody following the stock or the solid-state drives (SSDs) industry has probably seen the drama with OCZ Technology (OCZ) over the last few weeks. Several influential journalists reported that a deal was done with Seagate Technology (STX) for over $1B, valuing the stock at close to $15. Unfortunately weeks have passed without a deal announcement and the stock that shot up to over $8 in after market trading on July 27th now trades under $5. On top of that news, the CFO announced his retirement last week adding more fuel to the speculation fire. Not to mention the annual shareholders meeting took place on Monday eliciting investor hopes of noteworthy news. At times like this, investors need to understand what they own with a clear defined plan for exciting the position. A smart investor either took advantage of the price spike or is now loading up shares as the rumors fade. Read the full article at Seeking Alpha. Dsiclosure: Long OCZ. Please review the disclaimer page for more de...

After it released its Q1 2013 earnings report on July 10th, OCZ Technology (OCZ) dropped over 20% in a matter of days. Importantly, though, the stock did not hit a new 52 week low below $4.14, suggesting that maybe the worst was finally over for long suffering shareholders. The leading provider of high-performance solid-state drives (SSDs) for computing devices and systems met on the revenue line and missed on the bottom line. So naturally the 20% selloff must've been justified with a earnings miss? Earnings Miss The company reported a $0.17 loss versus expectations of a $0.12 loss. The bigger than expected loss cemented all of the fears of the longs and encouraged the shorts to press further on the stock. Read the full article at Seeking Alpha. Disclsoure: Long OCZ. Please review the disclaimer page for more details. 

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.