The software update is coming this Q, they were quite enthusiastic about it in the earnings cc.
Sentiment: Strong Buy
I'm optimistic about this product, but I don't expect revenue in this quarter. IT departments looking to spend money on storage arrays plan and budget for these things well in advance, a week or so before EOQ isn't really enough time for this type of product to see any sales. I would expect only capital projects from fairly large companies, and this means oversight and steering committees are involved which slows things down. Next Q it will start to have an impact, JHMO.
I don't mean me, other people :)
If you have been watching today's price action (not the chart but the trades) you would see most of the volume (and block trades) was bought at the ask. This in addition to the double bottom at 3.40 on the daily chart and extreme oversold conditions (RSI/StochRSI) I think we are ready for a reversal.
Another point to add, the volume pace is increased today by about 3x when compared to the past 4 days. Another sign of a looming reversal.
What numbers? Anyhow, the stock is oversold and the corrective bounce will be a sudden snap back and not slow steady movement. If you liked the stock at 3.50 then you should hold, it will be there and above again soon.
Anybody notice the VDI announcement today? Looks like the CTXS partnership is already reaping fantastic rewards, channel partners are recommending Violin arrays for their big VDI deployments.
Sentiment: Strong Buy
This is a high growth company with the best in class product in a high growth segment.
That said, the market is treating VMEM like their overvalued competitors and this is not a smart move long term. Violin is growing at an extremely fast 40% y/y and this will likely go higher as the market for all flash arrays is expected to grow rapidly. Barron's has featured quite a few articles on this topic lately.
RSI was below 34 today, and historically never stays this low for long. There were a lot of large buys and block trades flashing green today, a lot more than yesterday even. I can't tell you when exactly, but this stock is about to reverse. It may go down but not much more, there will soon be a rush for shorts to cover and go long.
I think that was me that puked, still feeling a little sick after the pounding from the past few weeks, will this ever end? I'm just going to stop watching, ugh.
There will be a run up into earnings, there is no way this bearish sentiment lasts it is a shake-out for weak hands and those over-extended with margin calls.
You too are living proof that the shakeout is almost over, negativity is at its highest and with no news to drive the sentiment down, so you begin rationalizing the market which is not wise.
That is 100% correct, Microsoft TechEd is going to be great exposure for Violin and a chance to showcase their partnership with MS. It could even be a great place to reveal some additional news around this partnership.
One more thing, as much of a bull as I am about the company's future and the future of it's stock, I only recommended it twice to family & friends, once when Clinton group first became vocal and the second time was Friday due to the converging of these events. Last time, it went from 3.65 to 5.48 in a matter of weeks.
The last thing I want to say is that this company is not going under, they have the means to re-capitalize if necessary. Good night.
Somehow, my other reply was lost.. I'm not going to rewrite it. I'll try to sum it up.
TechEd, RSI, Friday's buy signal confirmed, RedHat, OpenStack, Microsoft, earnings, Cramer says M&A is hot right now, and short covering is almost certain going into earnings. This is the convergence of things, I was more detailed in my original reply, stupid Yahoo.
"vmem cannot sustain as stand alone company"
This is a baseless claim, they can and will sustain themselves and you are talking out your blow hole.
Whatever, I'm just tired of the negativity when the stock is trading so low. It is almost as bad as pumpers screaming buy when overbought.
Honestly, I don't understand what the big players are waiting for. Violin has the best flash array products on the market but is trading at rock bottom prices, their big competitors can buy them or compete with them as sales increase and the market for all flash arrays soars.
Dude, nobody expects a blowout quarter. They are in transition, just look for them to be executing according to plan and decide whether you think the plan is going to succeed. Violin has the best in class solutions in a market that is forecast to skyrocket, you need to look at this as an investment and not a trade, it is going to act like a POS right up to the point when the market starts treating this stock with respect and then it is going to skyrocket and you will either be along for the ride or not. That is all.