Infoblox Inc (BLOX) is Downgraded by DA Davidson to Underperform, Price Target at $16

Infoblox Inc (BLOX) was Downgraded by DA Davidson to ” Underperform” and the brokerage firm has set the Price Target at $16. Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on May 16, 2016.

Many Wall Street Analysts have commented on Infoblox Inc. 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 .

On the company’s financial health, Infoblox Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.16. The company had revenue of $96.00 million for the quarter, compared to analysts expectations of $95.63 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Infoblox Inc closed down -0.57 points or -2.99% at $18.47 with 13,98,606 shares getting traded on Friday. Post opening the session at $18.96, the shares hit an intraday low of $18.4299 and an intraday high of $18.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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Infoblox Inc - Is it time to Sell?

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