Infoblox (BLOX) Announces Quarterly Earnings, Beats Expectations By $0.01 EPS
Infoblox (NASDAQ:BLOX) issued its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01, StockRatingsNetwork reports. The company had revenue of $60.90 million for the quarter, compared to the consensus estimate of $60.58 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Infoblox updated its Q3 guidance to $0.02 to $0.03 EPS and its FY14 guidance to $0.30 to $0.34 EPS.
In other Infoblox news, Director Michael Goguen sold 17,564 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.86, for a total transaction of $383,949.04. The transaction was disclosed in a document filed with the SEC, which is available at this link.
BLOX has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Infoblox from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $22.00 price target on the stock. On a related note, analysts at Deutsche Bank initiated coverage on shares of Infoblox in a research note on Monday. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at Goldman Sachs upgraded shares of Infoblox from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. They now have a $27.00 price target on the stock, up previously from $19.19. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.27.
Infoblox (NASDAQ:BLOX) traded up 1.66% on Wednesday, hitting $23.87. The stock had a trading volume of 2,947,777 shares. Infoblox has a 52-week low of $17.10 and a 52-week high of $48.97. The stock’s 50-day moving average is $30.88 and its 200-day moving average is $36.57. The company’s market cap is $1.264 billion.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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