Infoblox Inc (BLOX) is Upgraded by Deutsche Bank to Hold, Price Target at $13

Infoblox Inc (BLOX) was Upgraded by Deutsche Bank to ” Hold” and the brokerage firm has set the Price Target at $13. Earlier the firm had a rating of “Sell ” on the company shares. Deutsche Bank advised their investors in a research report released on Sep 20, 2016.

Many Wall Street Analysts have commented on Infoblox Inc. Infoblox Inc was Downgraded by Guggenheim to ” Neutral” on Sep 20, 2016.

On the company’s financial health, Infoblox Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.06. The company had revenue of $86.30 million for the quarter, compared to analysts expectations of $84.46 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

Infoblox Inc closed down -0.31 points or -1.34% at $22.83 with 1,834,934 shares getting traded on Friday. Post opening the session at $23.01, the shares hit an intraday low of $22.585 and an intraday high of $23.2 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 19, 2016, Scott Fulton (EVP, Product Strategy) sold 5,492 shares at $22.85 per share price. According to the SEC, on Sep 19, 2016, Jesper Andersen (President and CEO) sold 14,358 shares at $22.85 per share price. On Sep 2, 2016, Fred Gerson (director) sold 2,000 shares at $22.00 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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