The company is doing great, the stock is falling prey to vultures because the analysts maintained hold ratings while lifting PT.. This should be close to a near term bottom though since the consensus PT is now considerably higher. GLTA.
Consumer SSD is not a threat to AFA... Violin has already said they will be first to market with 3D AFA likely 3 quarters ahead of the competition, and the only one doing direct NAND not SSD so you are just showing how little you know & understand about this market fool.
Whatever man, I'm the one who will ride this pony to 15 and above and not sell. Yes I said 15 that's right, even I didn't think MU Would break 20 much less 30 yet here we are at 35, I "pumped" it from $5 all the way up.
SolidFire Helix is iSCSI only, no FC.. And.. They are still using SSD drives, so NOT THE SAME and DEFINITELY NOT BETTER.
There is no way they get the same performance as Violin, not even close.
"As for coming up with an alternative to RAID - some of the other flash vendors have done that as well. It's not revolutionary."
I'd like you to back up this claim, point me to another vendor with a similar offering.
Did you not listen to the call? They dedup and compression will be built into the OS soon. That in addition to new products with 3D NAND means they are well positioned to take market share from the competition while keeping margins relatively high, in fact they will be increasing margins to 60% or more in the next year.
Your negativity is apparently shared by analysts though, so take my opinion for what it is. I'm optimistic about this company because they have redefined AFA by coming up with their own RAID using raw NAND instead of adapting hard disk tech to SSD drives like the competition, this is why they have an edge going forward and why I'm holding and will continue buying more.
I didn't say by year end it would be 15 but within a year.. In other words by this time next year based on 50% y/y revenue growth and break even earnings by the same time.
Margins will be between 50-54% that is barely lower you stupid CLOWN.. Why I even bother arguing is beyond me, you are obviously delusional.
Nobody expected revenues to be up y/y you clown, they beat estimates by over 1.5 million and exceeded their own guidance of 10% q/q growth by 7%. You are a clown and will be gone soon, take your profits and run boy this is not going to stay below 5.50.
Earnings aren't coming down, how will they be at break-even in 1 year if they are coming down? You are seriously delusional man.
Dude, they said they will be profitable in 1 year you are out of your mind spewing this nonsense. The guidance is low just like it was last time, they will meet or exceed the 40-50% Y/Y growth they have projected and will grow along with the AFA market which has a projected CAGR of over 70%. You are really shorting the wrong stock boy.
Sentiment: Strong Buy
“With our momentum building and strong execution by our team, we delivered a successive quarter of sequential revenue growth and rapidly accelerating bookings,” said Kevin DeNuccio, president and chief executive officer, Violin Memory. “We’re now growing at a 40 to 50 percent annualized rate while beginning to build a backlog that should further improve our performance going forward.”
“With renewed growth and increasing customer confidence in our technology and balance sheet, we’re gaining significant traction in the primary storage segment as large enterprise and cloud data centers begin to transition from disk to flash,” added DeNuccio.
Sentiment: Strong Buy
Don't sell now boys, there are over 8 million shares sold short and more than 9 days to cover, we are certain to see 6 or even 6.50 this week.
Sentiment: Strong Buy
"If we take the CEO's word with the growth rate and they deliver, it will be the first time we see significant growth."
Kevin Denuccio has been straight up and honest even when this was bad news for the stock price, and his disclosures and predictions have always been spot on. There is no reason whatsoever to doubt him now, especially after he decided to pay himself almost exclusively in stock. You did catch that right? What about the significant insider buying that has also taken place, did you pay attention?
Hedgies (I'm assuming you mean hedge fund managers) won't bet against a stock growing at 40-50% Y/Y.. The people betting against this stock now are chart watchers and shorts who don't know when to give up. They will cover for a loss after hours.
I smoke an occasional cigar nothing more. I was bullish on MU Long before the market turned, was called many names for it kept saying it would fly when it traded in the low 5's now look at it, ready to clear 35. You have to be a visionary my friend If you want to make money in the market.
Look man, don't take my word for it just go look at the momo stocks that are trading at 10-20x P/S now and you will see what I'm talking about, at current sales 15 dollars would be 15x sales but if they are growing at 50% y/y then that would be 10x sales before you know and then in a couple years right back to 5x sales again, 15 bucks would be 1.5 billion market cap and NMBL is currently at about 2 billion and they barely have more sales than VMEM. It's really not far fetched to be at or above 15 in the next year.