DA Davidson Lowers Infoblox Price Target to $14.00 (BLOX)
DA Davidson decreased their target price on shares of Infoblox (NASDAQ:BLOX) to $14.00 in a research note issued on Wednesday. The firm currently has a “neutral” rating on the stock. DA Davidson’s price target would suggest a potential upside of 10.06% from the stock’s previous close.
Shares of Infoblox (NASDAQ:BLOX) traded down 1.40% during mid-day trading on Wednesday, hitting $12.72. 513,484 shares of the company’s stock traded hands. Infoblox has a 52 week low of $11.67 and a 52 week high of $48.97. The stock has a 50-day moving average of $12. and a 200-day moving average of $16.95. The company’s market cap is $693.2 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. On average, analysts predict that Infoblox will post $0.32 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Infoblox in a research note on Tuesday, August 19th. They now have a $13.00 price target on the stock, down previously from $15.00. Separately, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Infoblox currently has an average rating of “Hold” and an average price target of $22.18.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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