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Infoblox (NASDAQ:BLOX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, StockRatingsNetwork reports. The firm currently has a $18.30 price target on the stock. Zacks‘s price target would suggest a potential upside of 2.35% from the company’s current price.

A number of other firms have also recently commented on BLOX. Analysts at Deutsche Bank raised their price target on shares of Infoblox from $26.00 to $30.00 in a research note on Monday, March 17th. They now have a “buy” rating on the stock. Separately, analysts at Davidson initiated coverage on shares of Infoblox in a research note on Friday, March 14th. They set a “neutral” rating and a $24.00 price target on the stock. Finally, analysts at DA Davidson initiated coverage on shares of Infoblox in a research note on Thursday, March 13th. They set a “neutral” rating and a $24.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Infoblox has an average rating of “Hold” and a consensus target price of $31.95.

In other Infoblox news, Director Michael Goguen sold 17,564 shares of the stock on the open market in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $18.68, for a total value of $328,095.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Infoblox (NASDAQ:BLOX) traded up 6.26% on Tuesday, hitting $18.9999. The stock had a trading volume of 1,394,459 shares. Infoblox has a 1-year low of $17.10 and a 1-year high of $48.97. The stock’s 50-day moving average is $21.46 and its 200-day moving average is $32.61. The company’s market cap is $1.024 billion.

Infoblox (NASDAQ:BLOX) last released its earnings data on Wednesday, February 26th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.06 earnings per share. Infoblox’s revenue was up 11.9% compared to the same quarter last year. Analysts expect that Infoblox will post $0.33 EPS for the current fiscal year.

Infoblox Inc (NASDAQ:BLOX) is an automated network controller.

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