Infoblox Inc (BLOX) Releases Earnings Results, Beats Expectations By $0.01 EPS

Infoblox Inc (BLOX) reported quarterly earnings results on Wednesday, May-25-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $81.96 million in the period, compared to analysts expectations of $81.44 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Infoblox Inc. DA Davidson Downgraded Infoblox Inc on May 16, 2016 to ” Underperform”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on May 10, 2016 to “Sell” and Lowered the Price Target to $ 12 from a previous price target of $13 .

Infoblox Inc opened for trading at $18.31 and hit $18.41 on the upside on Friday, eventually ending the session at $18.39, with a gain of 0.71% or 0.13 points. The heightened volatility saw the trading volume jump to 4,56,352 shares. Company has a market cap of $1,064 M.

In a different news, on Apr 26, 2016, Scott Fulton (EVP, Product Strategy) sold 10,057 shares at $16.14 per share price. According to the SEC, on Mar 17, 2016, Thorsten Freitag (EVP, Worldwide Field Ops) sold 9,726 shares at $15.30 per share price. On Mar 9, 2016, Daniel J Phelps (director) sold 3,000 shares at $16.16 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company’s functions include delivering critical network protocol services such as dynamic host configuration protocol (DHCP) network change and configuration management and network infrastructure security. The Company offers four product families: Core Network Services Infrastructure Security Cloud Network Automation and Network Change and Configuration Management.

Infoblox Inc

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