Infoblox Stock Rating Upgraded by Sterne Agee (BLOX)
Infoblox (NASDAQ:BLOX) was upgraded by Sterne Agee from a “neutral” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $47.00 price target on the stock. Sterne Agee’s price target suggests a potential upside of 18.33% from the stock’s previous close.
In other Infoblox news, VP David Nicholas Gee unloaded 8,333 shares of the stock on the open market in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $41.64, for a total value of $346,986.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Infoblox (NASDAQ:BLOX) traded up 2.74% during mid-day trading on Thursday, hitting $40.81. 496,791 shares of the company’s stock traded hands. Infoblox has a 1-year low of $13.73 and a 1-year high of $45.50. The stock’s 50-day moving average is $39.15 and its 200-day moving average is $29.64. The company’s market cap is $2.112 billion.
Infoblox (NASDAQ:BLOX) last released its earnings data on Thursday, September 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.05. The company had revenue of $63.10 million for the quarter, compared to the consensus estimate of $59.22 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 39.9% on a year-over-year basis. On average, analysts predict that Infoblox will post $0.53 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at UBS AG set a $46.00 price target on shares of Infoblox in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Infoblox from $32.00 to $45.00 in a research note to investors on Monday, September 9th. They now have an “outperform” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Infoblox from $35.00 to $44.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $77.17.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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