Fusion-IO, Inc (NYSE:FIO) stock surged in after-hours trading session on Thursday after the company announced fiscal Q4 results well over Wall Street’s forecasts.
The manufacturer of chip-based computer server memory drives offered a positive guidance along with the announcement of its financial results.
Fusion-io registered a loss of $2.4 million or 3 cents a share in the quarter through April-June. That’s lower than earnings of $5.8 million or 6 cents a share in the similar quarter previous year. Fusion-io went public previous June.
The company reported that revenue moved up 49% to $106.6 million from $71.7 million.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Agilysys, Inc (NASDAQ:AGYS) fell -2.56% to settle at $8.37, Ingram Micro Inc (NYSE:IM) moved up +2.00% to end at $15.78 while OCZ Technology Group Inc (NASDAQ:OCZ) jumped +0.37% to finish on Thursday at $5.47.
Fusion-IO, Inc (NYSE:FIO) last session volume of 4.86 million shares was surprisingly higher than its average volume of 2.14 million shares. The stock after opening at $21.46 hit high price of $22.10 and then closed at $21.02 by scoring -2.05%.
The liquidity measure in recent quarter results of the company was recorded +9.03 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had book value per share as $4.82 in the most recent quarter.
The stock price volatility was 7.09% for a week and 5.75% for a month as well as price volatility’s Average True Range for 14 days was 1.18.
FIO generated revenue of 324.44 million in the following twelve months and earned $2.57 million. The Company showed a positive 0.79% in the net profit margin and as well as in its operating margin which remained 1.64%. Company’s annual sales growth for the past five years was +40.13%.
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