Infoblox (BLOX) Releases Quarterly Earnings, Beats Expectations By $0.02 EPS
Infoblox (NASDAQ:BLOX) announced its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.02, AmericanBankingNews.com reports. The company had revenue of $64.90 million for the quarter, compared to the consensus estimate of $60.50 million. During the same quarter last year, the company posted $0.14 earnings per share. Infoblox’s revenue was up 2.9% compared to the same quarter last year. Infoblox updated its Q1 guidance to $0.01-0.03 EPS.
Infoblox (NASDAQ:BLOX) traded down 1.16% during mid-day trading on Thursday, hitting $13.58. The stock had a trading volume of 1,856,221 shares. Infoblox has a one year low of $11.67 and a one year high of $48.97. The stock has a 50-day moving average of $12.4 and a 200-day moving average of $16.66. The company’s market cap is $740.1 million.
A number of research firms have recently commented on BLOX. Analysts at DA Davidson cut their price target on shares of Infoblox to $14.00 in a research note on Wednesday, August 27th. They now have a “neutral” rating on the stock. On the ratings front, 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. Finally, 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. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.18.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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