|February 10, 2014|
|17:55 EDT||BLOX||Infoblox 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
|November 25, 2015|
|07:25 EDT||BLOX||Infoblox December volatility elevated into Q1 and outlook |
Infoblox December call option implied volatility is at 68, January is at 54; compared to its 52-week range of 32 to 84, suggesting large near term price movement into the expected release of Q1 results on November 30.
|November 24, 2015|
|10:06 EDT||BLOX||High option volume stocks|
High option volume stocks: BDBD UNXL NVS SEDG BLOX GPRE SIG BPL TIF DY
|10:00 EDT||BLOX||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Advanced Drainage (WMS) downgraded to Hold from Buy at Deutsche Bank... Atlas Resource Partners (ARP) downgraded to Market Perform at FBR Capital... Brocade (BRCD) downgraded to Neutral from Overweight at JPMorgan... Burberry (BURBY) downgraded to Neutral from Buy at Nomura... CNX Coal Resources (CNXC) downgraded to Neutral from Buy at BofA/Merrill... GameStop (GME) downgraded to Neutral from Buy at BofA/Merrill... Hatteras Financial (HTS) downgraded to Neutral from Buy at Nomura... Infoblox (BLOX) downgraded to Hold from Buy at Needham... Intrepid Potash (IPI) downgraded to Hold from Buy at Vertical Research... Navios Maritime (NM) downgraded on cash burn, weak cash flow at Stifel... Norfolk Southern (NSC) downgraded on valuation at BMO Capital... Pep Boys (PBY) downgraded to Sell from Hold at Argus... Redwood Trust (RWT) downgraded to Neutral from Buy at Nomura... Rex Energy (REXX) downgraded to In-Line from Outperform at Imperial Capital... Swatch Group (SWGAY) downgraded to Neutral from Buy at Nomura... TeleCommunication Systems (TSYS) downgraded to Market Perform at Northland.
|07:28 EDT||BLOX||Infoblox downgraded to Hold from Buy at Needham|
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|06:00 EDT||BLOX||Infoblox downgraded to Sell from Hold at Deutsche Bank|
Deutsche Bank analyst Vijay Bhagavath downgraded Infoblox to Sell ahead of the company's Q1 results on November 30. The migration to public clouds is lessening the total addressable market for Infoblox's products, Bhagavath tells investors in a pre-earnings research note. He expects decelerating growth and increased spending in the company's fiscal year 2016. The analyst cut his price target for shares to $13 from $20.
|November 17, 2015|
|05:43 EDT||BLOX||Infoblox appoints Ashish Gupta as Chief Marketing Officer|
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