Published On: Wed, Sep 7th, 2016

Violin Memory Inc. (VMEM) Scheduled to Post Quarterly Earnings on Thursday

Violin Memory Inc. (NYSE:VMEM) is set to post its Q217 quarterly earnings results on Thursday, September 8th. Analysts expect Violin Memory to post earnings of ($0.56) per share and revenue of $11.00 million for the quarter.
Shares of Violin Memory Inc. (NYSE:VMEM) opened at 1.64 on Wednesday. Violin Memory Inc. has a 1-year low of $1.08 and a 1-year high of $7.68. The stock’s 50 day moving average is $2.18 and its 200-day moving average is $2.27. The firm’s market cap is $41.06 million.

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In related news, major shareholder Bruce Harvey Grant acquired 2,818,766 shares of the stock in a transaction dated Friday, June 10th. The stock was bought at an average price of $0.60 per share, for a total transaction of $1,691,259.60. Following the purchase, the insider now directly owns 2,129,832 shares of the company’s stock, valued at approximately $1,277,899.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Violin Memory, Inc offers a class of flash-based storage solutions to bring storage performance in line with high-speed applications, servers and networks. The Company’s Flash Storage Platform is designed at each level of the system architecture to leverage the inherent capabilities of flash memory and meet the requirements of business-critical applications, virtualized environments and Big Data in enterprise data centers.

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