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Stock Market & Financial Investment News

News Breaks
February 10, 2014
17:55 EDTBLOXInfoblox tumbles after cutting outlook
Infoblox (BLOX) is trading sharply lower in the after hours after cutting its fiscal 2014 earnings and revenue outlook. WHAT’S NEW: Infoblox announced that it now sees FY14 earnings per share of 30c-34c, well below the company’s prior view of 44c-54c and below analysts’ expectations for 52c. The company also said it sees FY14 revenue of $250M-$254M, well below its prior expectations for $270M-$276M and estimates for $274.52M. For its current fiscal second quarter, Infoblox raised its EPS outlook to 10c-12c from 9c-11c while cutting its revenue outlook to $60M-$61M from $65M-$66M. Consensus estimates for the company’s Q2 are for EPS of 10c on revenue of $65.65M. WHAT’S NOTABLE: In a statement, Infoblox CEO Robert Thomas said the second quarter revenue shortfall was attributable to three factors: weaker January sales, fewer transactions over $1M, and Federal business that fell below the company’s expectations. PRICE ACTION: Following the disappointing outlook, shares of the network operator fell sharply, los as much as 31% to trade near $23.00 in after hours trade. In November, Infoblox gave a Q2 outlook that fell short of expectations, and shares of the company fell more than 28% following the news.
News For BLOX From The Last 14 Days
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November 25, 2014
18:18 EDTBLOXOn The Fly: After Hours Movers
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16:21 EDTBLOXInfoblox up 6.3% after reporting Q1 results, CEO appointment
16:18 EDTBLOXInfoblox names Jesper Andersen as CEO
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16:11 EDTBLOXInfoblox sees Q2 EPS 4c-5c, consensus 4c
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16:10 EDTBLOXInfoblox reports Q1 EPS 5c, consensus 3c
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15:31 EDTBLOXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus $1.06; Analog Devices (ADI), consensus 68c; Cubic (CUB), consensus 94c; Nimble Storage (NMBL), consensus (16c); Veeva Systems (VEEV), consensus 8c; Infoblox (BLOX), consensus 3c; TiVo (TIVO), consensus 7c; Perfect World (PWRD), consensus 40c.
November 24, 2014
10:00 EDTBLOXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Outperform from Market Perform at Raymond James... Banco Bilbao (BBVA) upgraded to Neutral from Underperform at BofA/Merrill... Berry Plastics (BERY) upgraded to Outperform from Market Perform at BMO Capital... Denny's (DENN) upgraded to Buy from Neutral at Janney Capital... Hess Corp. (HES) upgraded to Outperform from Market Perform at Raymond James... Huaneng Power (HNP) upgraded to Buy from Neutral at BofA/Merrill... Infoblox (BLOX) upgraded to Buy from Hold at Needham... Kate Spade (KATE) upgraded at BofA/Merrill... Lumber Liquidators (LL) upgraded to Overweight from Equal Weight at Morgan Stanley... Occidental Petroleum (OXY) upgraded to Strong Buy from Outperform at Raymond James... PT Indosat (IIT) upgraded to Buy from Neutral at Nomura... Silvercorp Metals (SVM) upgraded to Outperform from Market Perform at Raymond James... Toro Company (TTC) upgraded to Buy from Neutral at Longbow... United Microelectronics (UMC) upgraded to Market Perform from Underperform at Bernstein.
06:32 EDTBLOXInfoblox upgraded to Buy from Hold at Needham
November 21, 2014
10:20 EDTBLOXHigh option volume stocks
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