Deutsche Bank Reiterates “Buy” Rating for Infoblox (BLOX)
Infoblox (NASDAQ:BLOX)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, Analyst Ratings.Net reports. They currently have a $30.00 price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 50.23% from the stock’s previous close.
Infoblox (NASDAQ:BLOX) traded up 2.20% during mid-day trading on Tuesday, hitting $20.41. 700,900 shares of the company’s stock traded hands. 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 $20. and its 200-day moving average is $31.89. The company’s market cap is $1.100 billion.
Infoblox (NASDAQ:BLOX) last released its 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. Analysts expect that Infoblox will post $0.33 EPS for the current fiscal year.
A number of other firms have also recently commented on BLOX. Analysts at Zacks upgraded shares of Infoblox from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $18.30 price target 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 issued a buy rating to the stock. The company currently 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 Infoblox stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $18.68, for a total transaction of $328,095.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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