We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for Violin Memory (VMEM) in Q3 Earnings?
Read MoreHide Full Article
Violin Memory, Inc. is expected to report third-quarter fiscal 2017 results on Dec 7. It develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Violin Memory revenues declined yet again in the second quarter. The company’s revenues were down to $7.5 million from $9.7 million in the prior quarter and $15.3 million in the year-ago quarter. Sales were remarkably poor in International theaters in APAC and EMEA.
Notably, the company has not provided any outlook for the next two quarters as it is in the midst of some organizational changes, product launches and cost structure changes.
The company was unable to close orders from some important Fortune 100 customers. Moreover, Fortune 500 and Global 1000 companies associated with long sales cycles, made orders large and lumpy.
However, management hinted at a number of factors such as Violin’s technology leadership, software maturity, disruptive innovation, and operational and cash management efficiency that are expected to work favorably in long run.
Here are some stocks that you may want to consider as our model shows these have the right combination of a positive Earnings ESP and a favorable Zacks Rank of #1 (Strong Buy), 2 (Buy) or 3 (Hold) to post an earnings beat in their upcoming releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Marvell Technology Group Ltd. (MRVL - Free Report) , with an Earnings ESP of +8.33% and Zacks Rank #1.
Barracuda Networks, Inc. , with an Earnings ESP of +20.00% and a Zacks Rank #2.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
What's in Store for Violin Memory (VMEM) in Q3 Earnings?
Violin Memory, Inc. is expected to report third-quarter fiscal 2017 results on Dec 7. It develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Violin Memory revenues declined yet again in the second quarter. The company’s revenues were down to $7.5 million from $9.7 million in the prior quarter and $15.3 million in the year-ago quarter. Sales were remarkably poor in International theaters in APAC and EMEA.
Notably, the company has not provided any outlook for the next two quarters as it is in the midst of some organizational changes, product launches and cost structure changes.
The company was unable to close orders from some important Fortune 100 customers. Moreover, Fortune 500 and Global 1000 companies associated with long sales cycles, made orders large and lumpy.
However, management hinted at a number of factors such as Violin’s technology leadership, software maturity, disruptive innovation, and operational and cash management efficiency that are expected to work favorably in long run.
VIOLIN MEMORY Price and EPS Surprise
VIOLIN MEMORY Price and EPS Surprise | VIOLIN MEMORY Quote
Stocks That Warrant a Look
Here are some stocks that you may want to consider as our model shows these have the right combination of a positive Earnings ESP and a favorable Zacks Rank of #1 (Strong Buy), 2 (Buy) or 3 (Hold) to post an earnings beat in their upcoming releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Seagate Technology plc (STX - Free Report) , with an Earnings ESP of +4.76% and Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Marvell Technology Group Ltd. (MRVL - Free Report) , with an Earnings ESP of +8.33% and Zacks Rank #1.
Barracuda Networks, Inc. , with an Earnings ESP of +20.00% and a Zacks Rank #2.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>