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Infoblox Inc (NASDAQ:BLOX) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.01-0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01, StockRatingsNetwork reports. The company issued revenue guidance of $63-65 million, compared to the consensus revenue estimate of $61.51 million.

Infoblox Inc (NASDAQ:BLOX) traded down 1.16% on Thursday, hitting $13.58. The stock had a trading volume of 1,863,339 shares. Infoblox Inc has a 52 week low of $11.67 and a 52 week high of $48.97. The stock’s 50-day moving average is $12.4 and its 200-day moving average is $16.66. The company’s market cap is $740.1 million.

Infoblox (NASDAQ:BLOX) last announced its earnings results on Thursday, September 4th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $64.90 million for the quarter, compared to the consensus estimate of $60.50 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Infoblox Inc will post $0.32 earnings per share for the current fiscal year.

BLOX has been the subject of a number of recent research reports. 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 a related note, 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $22.18.

Infoblox Inc (NASDAQ:BLOX) is an automated network controller.

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