Infoblox Receives Neutral Rating from Citigroup Inc. (BLOX)
Infoblox (NASDAQ:BLOX)‘s stock had its “neutral” rating reissued by research analysts at Citigroup Inc. in a report released on Tuesday. They currently have a $13.00 target price on the stock, down from their previous target price of $15.00. Citigroup Inc.’s target price would suggest a potential upside of 5.18% from the stock’s previous close.
Shares of Infoblox (NASDAQ:BLOX) traded down 0.65% on Tuesday, hitting $12.28. 26,019 shares of the company’s stock traded hands. Infoblox has a 1-year low of $11.67 and a 1-year high of $48.97. The stock has a 50-day moving average of $12.33 and a 200-day moving average of $17.86. The company’s market cap is $669.2 million.
Infoblox (NASDAQ:BLOX) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Infoblox will post $0.32 EPS for the current fiscal year.
BLOX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Infoblox in a research note on Monday, July 21st. They now have a $15.00 price target on the stock, down previously from $18.00. Separately, analysts at Sterne Agee reiterated a “neutral” rating on shares of Infoblox in a research note on Friday, May 30th. They now have a $15.00 price target on the stock, down previously from $20.00. Finally, analysts at Wedbush cut their price target on shares of Infoblox from $25.00 to $18.00 in a research note on Friday, May 30th. They now have a “neutral” rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.23.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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