Violin Memory Hits Wrong Note In Q4, Stock Falls
Violin Memory’s (VMEM) stock fell Friday after the data storage system maker late Thursday reported Q4 revenue that missed Wall Street views amid intensifying competition in the solid-state flash memory market. Santa Clara, Calif.-based Violin Memory also forecast current quarter revenue below analyst expectations. Violin Memory stock was down 8% in afternoon trading in the stock market today, below 4. Violin Memory reported a 19 cent per-share