Violin Memory Inc. (fka VMEMQ)

[eastunder]

Wunderlich Securities Starts Violin Memory (VMEM) at Buy

http://www.streetinsider.com/New+Coverage/Wunderlich+Securities+Starts+Violin+Memory+%28VMEM%29+at+Buy/9278470.html

Wunderlich Securities initiates coverage on Violin Memory (NYSE: VMEM) with a Buy rating and a price target of $6.00.

Analyst Kaushik Roy said, "Violin is participating in the large and growing market for enterprise solid state systems. The stock has come down significantly from its IPO price of $9.00 on September 27, 2013, as investors have become skeptical about the prospects of the company. Violin missed Street revenue estimates in its first two quarters as a public company. While there are issues with the company, we believe those issues are not insurmountable. A new CEO, Kevin DeNuccio, was hired on February 3, 2014, and he has a track record for transforming businesses. More important, we believe that the value of the company is significantly more than what the market perceives today. Hence, we are initiating with a Buy rating."

For an analyst ratings summary and ratings history on Violin Memory click here. For more ratings news on Violin Memory click here.

Shares of Violin Memory closed at $4.27 yesterday, with a 52 week range of $2.50-$7.98.