Published On: Wed, Sep 14th, 2016

Weekly Investment Analysts’ Ratings Changes for Infoblox (BLOX)

Infoblox (NYSE: BLOX) has recently received a number of price target changes and ratings updates:

9/3/2016 – Infoblox had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
8/31/2016 – Infoblox had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $28.00 price target on the stock.
8/29/2016 – Infoblox was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $23.00 price target on the stock. According to Zacks, “Infoblox Inc. operates as an automated network controller and provides an appliance-based solution that enables dynamic networks and next-generation data centers. It offers two families of products: Trinzic DDI and NetMRI. The Trinzic DDI product family enables real-time DNS, DHCP and IPAM and automates key network control processes. The NetMRI product family automates network change and configuration management processes. The Company’s network functions include Internet protocol address management, device configuration, compliance, network discovery, policy implementation, security and monitoring. Infoblox Inc. is headquartered in Santa Clara, California. “
8/25/2016 – Infoblox had its “underperform” rating reaffirmed by analysts at DA Davidson. They now have a $18.00 price target on the stock.
8/16/2016 – Infoblox was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Infoblox Inc. operates as an automated network controller and provides an appliance-based solution that enables dynamic networks and next-generation data centers. It offers two families of products: Trinzic DDI and NetMRI. The Trinzic DDI product family enables real-time DNS, DHCP and IPAM and automates key network control processes. The NetMRI product family automates network change and configuration management processes. The Company’s network functions include Internet protocol address management, device configuration, compliance, network discovery, policy implementation, security and monitoring. Infoblox Inc. is headquartered in Santa Clara, California. “
8/2/2016 – Infoblox was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Infoblox Inc. operates as an automated network controller and provides an appliance-based solution that enables dynamic networks and next-generation data centers. It offers two families of products: Trinzic DDI and NetMRI. The Trinzic DDI product family enables real-time DNS, DHCP and IPAM and automates key network control processes. The NetMRI product family automates network change and configuration management processes. The Company’s network functions include Internet protocol address management, device configuration, compliance, network discovery, policy implementation, security and monitoring. Infoblox Inc. is headquartered in Santa Clara, California. “

Infoblox Inc. (NYSE:BLOX) traded up 0.13% during mid-day trading on Wednesday, hitting $22.63. The stock had a trading volume of 629,697 shares. The stock’s 50-day moving average is $20.23 and its 200 day moving average is $18.07. The company’s market capitalization is $1.27 billion. Infoblox Inc. has a 52 week low of $13.22 and a 52 week high of $23.26.
Infoblox (NYSE:BLOX) last announced its earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.51 million. Infoblox had a negative net margin of 3.83% and a negative return on equity of 4.71%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. Equities analysts forecast that Infoblox Inc. will post $0.66 earnings per share for the current fiscal year.

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In other news, CEO Jesper Andersen sold 11,906 shares of Infoblox stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $18.55, for a total transaction of $220,856.30. Following the sale, the chief executive officer now owns 285,001 shares of the company’s stock, valued at approximately $5,286,768.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.20% of the company’s stock.
Infoblox Inc provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The Company provides network control, network automation and domain name system (DNS) security though appliance-based solutions. The Company’s solutions combine real-time Internet protocol address management (IPAM), automation of network control, change and configuration management processes and DNS-based infrastructure security in purpose-built physical and virtual appliances.

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