Wunderlich Securities’s Kaushik Roy reiterates a Buy rating, and a a $6 price target, writing that investors should look past the fear and buy the weakness, writing “For early stage companies it is the team that matters the most and Violin is now building a strong team under the leadership of new CEO Kevin DeNuccio.”
Violin Memory should be bought on any lock-up weakness, says Wunderlich (flyonthewall)
Wunderlich believes shares of Violin Memory could see weakness today as 5M shares of employee restricted stock units come available for sale. The firm believes investors should use any weakness from today's lock-up expiration as a buying opportunity. It has a Buy rating on Violin with a $6 price target.