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What's In Store For Violin Memory (VMEM) In Q3 Earnings?

Published 12/04/2016, 10:03 PM
Updated 07/09/2023, 06:31 AM

Violin Memory, Inc. (OTC:VMEM) is expected to report third-quarter fiscal 2017 results on Dec 7. It develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide.

Let’s see how things are shaping up for this announcement.

Factors to Consider

Violin Memory revenues declined yet again in the second quarter. The company’s revenues were down to $7.5 million from $9.7 million in the prior quarter and $15.3 million in the year-ago quarter. Sales were remarkably poor in International theaters in APAC and EMEA.

Notably, the company has not provided any outlook for the next two quarters as it is in the midst of some organizational changes, product launches and cost structure changes.

The company was unable to close orders from some important Fortune 100 customers. Moreover, Fortune 500 and Global 1000 companies associated with long sales cycles, made orders large and lumpy.

However, management hinted at a number of factors such as Violin’s technology leadership, software maturity, disruptive innovation, and operational and cash management efficiency that are expected to work favorably in long run.

VIOLIN MEMORY Price and EPS Surprise

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