What Fusion-io's Big Deal Means for Investors
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics around the investing world.
Fusion-io recently announced that Cisco is a new customer, putting its ioMemory in the hardware giant's servers. Fusion-io combines solid-state memory and proprietary software to help servers run more effectively, improving utilization. Other big customers include Hewlett-Packard, Apple, and Facebook. They all see the benefits, especially Facebook, which has to crunch incredible amounts of data for its customers. David likes this news, particularly since the world is becoming more digital, not less. And Fusion-io's memory products help crunch all that data more effectively. The stock may not seem cheap on a P/E basis, but it's growing fast and has a large potential market. John and David own shares in their real-money 10-Bagger portfolio and still find it an attractive stock today.
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The article What Fusion-io's Big Deal Means for Investors originally appeared on Fool.com.David MeierandJohn Reevesown shares of Apple. The Motley Fool owns shares of Apple, Facebook, and Fusion-io.Motley Fool newsletter services recommendApple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.