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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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September 29, 2014
09:52 EDTBLOXInfoblox management to meet with Piper Jaffray
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September 24, 2014
06:33 EDTBLOXInfoblox on path to regain sales momentum, says Piper Jaffray
Piper Jaffray believes Infoblox is a path to regain sales momentum and that its growth should continue to strengthen in FY15. The firm reiterates an Overweight rating on the stock with a $20 price target.
September 17, 2014
15:03 EDTBLOXInfoblox management to meet with Piper Jaffray
Meeting to be held in Boston on September 24 hosted by Piper Jaffray.

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