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Fly News Breaks for July 17, 2015
VMEM
Jul 17, 2015 | 08:53 EDT
After traveling with Violin Memory, Maxim says that the company's flash optimized asset is superior to the competition. After meeting with its CEO, the firm thinks he is taking the right approach to ensure that shareholders get the best value if its execution woes continue. Maxim believes the company can likely be sold for $5 per share, and adds that it is now more confident in the company's execution. It keeps a $7 price target and Buy rating on Violin Memory shares, which closed yesterday at $2.45.
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