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Black Friday Comes Early for Violin

Chris Evans of Architecting IT comments:

Violin Memory Inc released their 3Q 2014 financial results last week, which showed both an increase in revenue for the quarter and an increase in their losses for the same period.  At the same time they increased their customer base by only 32.  The markets reacted badly to the news, with Violin’s stock price falling by 48% on Friday 22nd November.  There was also talk of Violin being investigated by a shareholder rights company, as the loss guidance provided was double what was expected at $0.85c per share, which may also have had an impact on the share price.  It’s a tough time for Violin, irrespective of whether the investigation has any merit.  Why are they in this position?

Violin is taking a beating in the market. There were questions about the reason behind the IPO from the start, but the lack of profits really doesn’t motivate the market to invest. It’s going to be a bumpy ride from here on out.

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Tom Hollingsworth

Tom Hollingsworth is a networking professional, blogger, and speaker on advanced technology topics. He is also an organizer for networking and wireless for Tech Field Day.  His blog can be found at https://networkingnerd.net/

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