Infoblox Receives “Overweight” Rating from Piper Jaffray (BLOX)
Infoblox (NASDAQ:BLOX)‘s stock had its “overweight” rating reiterated by equities researchers at Piper Jaffray in a research report issued on Friday. They currently have a $20.00 target price on the stock, down from their previous target price of $30.00. Piper Jaffray’s price target would suggest a potential downside of 2.53% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Infoblox in a research note on Friday. They now have a $15.00 price target on the stock, down previously from $25.00. Separately, analysts at JMP Securities reiterated a “market outperform” rating on shares of Infoblox in a research note on Friday. They now have a $18.00 price target on the stock, down previously from $28.00. Finally, analysts at DA Davidson cut their price target on shares of Infoblox from $21.00 to $14.50 in a research note on Friday. They now have a “neutral” rating on the stock. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Infoblox currently has an average rating of “Hold” and an average target price of $22.22.
In other Infoblox news, Director Michael L. Goguen unloaded 17,564 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Infoblox (NASDAQ:BLOX) traded down 37.74% during mid-day trading on Friday, hitting $12.775. The stock had a trading volume of 27,049,034 shares. 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 $19.18 and a 200-day moving average of $27.0. The company’s market cap is $688.2 million.
Infoblox (NASDAQ:BLOX) last announced its 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. On average, analysts predict that Infoblox will post $0.33 earnings per share for the current fiscal year.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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