Infoblox Inc (BLOX) Updates FY14 Earnings Guidance
Infoblox Inc (NASDAQ:BLOX) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.30 to $0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34, ARN reports. The company issued revenue guidance of $250 million to $254 million, compared to the consensus revenue estimate of $252.83 million.Infoblox also updated its Q3 guidance to $0.02 to $0.03 EPS.
Infoblox Inc (NASDAQ:BLOX) traded up 1.66% on Wednesday, hitting $23.87. The stock had a trading volume of 2,947,777 shares. Infoblox Inc has a 1-year low of $17.10 and a 1-year high of $48.97. The stock has a 50-day moving average of $30.88 and a 200-day moving average of $36.57. The company’s market cap is $1.264 billion.
Infoblox (NASDAQ:BLOX) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.01. 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 prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Infoblox Inc will post $0.34 earnings per share for the current fiscal year.
A number of research firms have recently commented on BLOX. 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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $62.27.
In other Infoblox news, Director Michael Goguen unloaded 17,564 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was 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 Securities & Exchange Commission, which is available at this link.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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