Infoblox (NYSE:BLOX) : Zacks Investment Research ranks Infoblox (NYSE:BLOX) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.56, which indicates as a Hold.
Infoblox (NYSE:BLOX) : 7 investment research analysts covering Infoblox (NYSE:BLOX) have an average price target of $20.07 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $12 for the short term. Analysts expect the variance to be within $5.45 of the average price.
For the current week, the company shares have a recommendation consensus of Buy.
Infoblox (NYSE:BLOX): stock turned positive on Tuesday. Though the stock opened at $17.7, the bulls momentum made the stock top out at $17.95 level for the day. The stock recorded a low of $17.48 and closed the trading day at $17.51, in the green by 0.34%. The total traded volume for the day was 845,428. The stock had closed at $17.45 in the previous days trading.
In an insider trading activity, The director officer (President and CEO), of Infoblox Inc, Andersen Jesper had unloaded 11,906 shares at $18.55 per share in a transaction on June 16, 2016. The total value of transaction was $220,856. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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 Companys 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 Companys 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.