Piper Jaffray Comments on Possible New OEM Deal for Fusion-io

Piper Jaffray has published a research report on Fusion-io

commenting on the company's new OEM deal with Cisco

. In the report, Piper Jaffray writes, "We believe Fusion-io is working on a new OEM deal with Cisco, as part of their UCS platform. Given that UCS is specifically optimized for high performance applications, we believe Cisco could quickly evolve into a 10% customer over the next 3-4 quarters. In addition, based on our proprietary server analysis, we believe CY12 revenue from Facebook could reach $201M." Piper Jaffray maintains its Overweight rating and $38 price target on Fusion-io, which closed yesterday at $24.66.