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February 11, 2014
07:06 EDTBLOXInfoblox sell-off appears overdone, says Pacific Crest
After Infoblox significantly reduced its FY14 guidance, Pacific Xrest thinks the stock is unlikely to drop much further, given the strength of its technology. The firm recommends that investors buy the stock based on the possibility of either a rebound in 2H14 or a "potential technology takeout." It reduced its price target on the shares to $35 from $48 but keeps an Outperform rating.
News For BLOX From The Last 14 Days
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February 9, 2016
08:20 EDTBLOXInvestors likely to applaud Infoblox deal, says Sterne Agee CRT
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February 8, 2016
16:43 EDTBLOXInfoblox to hold a conference call
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16:14 EDTBLOXInfoblox acquires cyberthreat intelligence firm IID for $45M
Infoblox announced the acquisition of privately held IID, a global cyberthreat intelligence company. Infoblox paid $45M in cash, subject to customary adjustments, to the former IID stockholders as consideration for the transaction. "By bringing together the deep and very rich threat intelligence from IID with the context and the central control point that Infoblox has in the network through our DDI services, we can deliver a unique value proposition to our customers and the partners that resell our products," the company remarked. IID co-founders Lars Harvey and Rod Rasmussen will become members of the Infoblox management team. Infoblox also expects that most IID employees will join Infoblox, including the threat intelligence and engineering teams.
16:12 EDTBLOXInfoblox sees Q2 adjusted EPS 16c-17c, consensus 13c
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