Infoblox Inc (BLOX) Issues FY13 Earnings Guidance
Infoblox Inc (BLOX) updated its FY13 earnings guidance on Wednesday. The company provided EPS guidance of $0.17-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06. The company issued revenue guidance of $204-208 million, compared to the consensus revenue estimate of $199.28 million.Infoblox also updated its Q2 guidance to $0.03-0.04 EPS.
Shares of Infoblox Inc (BLOX) traded down 3.06% during mid-day trading on Wednesday, hitting $13.95. Infoblox Inc (BLOX) has a one year low of $13.73 and a one year high of $24.15. The company’s market cap is $646.8 million.
Infoblox last issued its quarterly earnings data on Wednesday, November 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $49.51 million for the quarter, compared to the consensus estimate of $46.18 million. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts predict that Infoblox Inc (BLOX) will post $0.06 earnings per share for the current fiscal year.
BLOX has been the subject of a number of recent research reports. Analysts at UBS AG reiterated a buy rating on shares of Infoblox in a research note to investors on Friday, September 7th. Analysts at Deutsche Bank raised their price target on shares of Infoblox from $21.00 to $24.00 in a research note to investors on Friday, September 7th. They now have a buy rating on the stock.
Infoblox Inc. (Infoblox) is an automated network controller. The Company’s network functions include Internet protocol (IP) address management, device configuration, compliance, network discovery, policy implementation, security and monitoring.
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