Infoblox Lowered to “Sector Perform” at Pacific Crest (BLOX)
Infoblox (NASDAQ:BLOX) was downgraded by investment analysts at Pacific Crest from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
BLOX has been the subject of a number of other recent research reports. Analysts at William Blair downgraded shares of Infoblox from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at Goldman Sachs downgraded shares of Infoblox from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, analysts at Deutsche Bank downgraded shares of Infoblox from a “buy” rating to a “hold” rating in a research note on Friday. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.26.
In other Infoblox news, Director Michael L. Goguen sold 17,564 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $20.53, for a total transaction of $360,588.92. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Infoblox (NASDAQ:BLOX) opened at 20.52 on Friday. 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 $19.18 and its 200-day moving average is $27.0. The company’s market cap is $1.105 billion.
Infoblox (NASDAQ:BLOX) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $61.00 million for the quarter, compared to the consensus estimate of $61.65 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. 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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