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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 4, 2015
16:13 EDTBLOXOn The Fly: Top stock stories for Friday
Stocks declined on Wall Street after the monthly nonfarm payrolls report simultaneously rose concerns about a slowdown in the world's biggest economy while not being bad enough to take the worries about the Federal Reserve raising rates this month off the table. With the U.S. market set to be closed on Monday, buyers seemed reluctant to step in and buy. China's markets will be open and investors may be fearful that headlines there could set the U.S. market up for another down day when investors return following the Labor Day holiday. ECONOMIC EVENTS: In the U.S., the government reported 173,000 nonfarm jobs were added in the U.S. in August, missing analysts' consensus projection that payrolls grew 217,000. The unemployment rate dipped more than expected to 5.1%, however. That fact as well as other underlying data in the report, such as the better than expected 0.3% growth in wages and the rise in full-time employment, appeared to leave investors fearing that the Fed will raise interest rates at the next Federal Open Market Committee meeting, which is scheduled for September 16-17. COMPANY NEWS: Shares of BlackBerry (BBRY) advanced in early trading after the mobile phone and software maker agreed to acquire rival Good Technology for $425M in cash, but the stock moved into the red in afternoon trading and closed down 13c, or 1.74%, at $7.33. The deal will expand BlackBerry's ability to offer a unified, secure mobility platform with applications for any mobile device on any operating system, the company stated, adding that it expects the deal to be accretive to earnings and cash flow within the first year after closing. MAJOR MOVERS: Among the notable gainers was Rayonier Advanced Materials (RYAM), which rose 8.57% to $6.97 after the stock was upgraded to Outperform at RBC Capital. Also rising following an analyst upgrade was SkyWest (SKYW), which gained 86c, or 5.34%, to $16.95 after Cowen upgraded the stock to Outperform and increased its price target for shares to $19 from $16. Among the noteworthy losers was Vince Holding (VNCE), which plummeted $4.06, or 43.74%, to $5.22 after the fashion brand owner cut its fiscal year adjusted earnings outlook and BofA Merrill Lynch downgraded the stock in response. Also lower following their own earnings reports were supply chain services company UTi Worldwide (UTIW), which fell 13% to $5.68, and IT software and services provider Infoblox (BLOX), which dropped 8% to $18.28. INDEXES: The Dow fell 272.38, or 1.66%, to 16,102.38, the Nasdaq lost 49.58, or 1.05%, to 4,683.92, and the S&P 500 dropped 29.91, or 1.53%, to 1,921.22.
09:18 EDTBLOXOn The Fly: Pre-market Movers
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05:41 EDTBLOXPiper 'very impressed' with Q4 results from Infoblox
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September 3, 2015
19:03 EDTBLOXOn The Fly: After Hours Movers
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17:10 EDTBLOXInfoblox says CFO Canessa to depart
During the company's Q4 earnings conference call, Infoblox CEO Jesper Andersen announced that CFO Remo Canessa will be "transitioning out" of the company to pursue other opportunities. Remo will continue as CFO and assist in the search for his replacement until such a replacement has been found, said Andersen.
16:18 EDTBLOXInfoblox up $1.63 to $21.50 after Q4 earnings beat
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16:17 EDTBLOXInfoblox sees Q1 EPS 5c-6c, consensus 8c
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16:16 EDTBLOXInfoblox reports Q4 EPS 12c, consensus 10c
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14:57 EDTBLOXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Cooper Companies (COO), consensus $1.95... VeriFone (PAY), consensus 46c... Esterline (ESL), consensus $1.42... Infoblox (BLOX), consensus 10c... UTi Worldwide (UTIW), consensus (5c)... Vince Holding (VNCE), consensus 23c.
07:17 EDTBLOXInfoblox September volatility elevated into Q4 and outlook
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September 1, 2015
10:04 EDTBLOXOn The Fly: Analyst Upgrade Summary
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07:19 EDTBLOXInfoblox upgraded to Outperform from Market Perform at William Blair
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