Infoblox Price Target Cut to $21.00 (BLOX)
Analysts at DA Davidson cut their price objective on shares of Infoblox (NASDAQ:BLOX) from $24.00 to $21.00 in a research report issued to clients and investors on Friday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target indicates a potential upside of 12.42% from the company’s current price.
Infoblox (NASDAQ:BLOX) traded down 0.86% on Friday, hitting $18.52. 132,569 shares of the company’s stock traded hands. Infoblox has a one year low of $17.10 and a one year high of $48.97. The stock has a 50-day moving average of $19.23 and a 200-day moving average of $28.81. The company’s market cap is $997.7 million.
Infoblox (NASDAQ:BLOX) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the 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 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. On average, analysts predict that Infoblox will post $0.33 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Infoblox in a research note on Tuesday, April 22nd. They now have a $30.00 price target on the stock. Separately, 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. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.11.
In other Infoblox news, Director Michael Goguen sold 17,564 shares of Infoblox stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $18.15, for a total transaction of $318,786.60. The transaction 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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