“Fusion-IO, Inc. (FIO) is a high-tech company engaged in storage memory platforms for data decentralization. Their hardware and software products enhance the processing capabilities within datacenters by relocating process-critical or active data from centralized storage to the server where it is being processed. Their products include ioDrive, ioCache, directCache data-tiering software, ioTurbine virtualization software and ioSphere platform management software.
“The company went public a year ago and has traded above $40.00 a share. They recently contracted with Cisco to include their ioMemory products directly into network giant Cisco’s servers to enhance their performance. Adding Cisco to their list of customers, which already includes EMC, Dell, HP and IBM, will certainly boost future revenues. In their 3Q12 (ending March 31), they reported record sales of $94.2 million, up 40%, and a net loss of $0.05 per share. At its current price, the company is a buyout target for any of the major network players. My 12-18 month target price is $30.00, a 50%+ gain.”
- Eric Dany, Stock Prospector, June 15, 2012