William Blair Downgrades Infoblox Inc to Market Perform

Brokerage firm William Blair Downgrades its rating on Infoblox Inc(NYSE:BLOX). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by William Blair was issued on Sep 19, 2016.

Infoblox Inc (BLOX) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.30% at a volume of 20,24,514. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.4. The peak price level was also seen at $26.4 while the days lowest was $26.32. Finally the shares closed at $26.32. The 52-week high of the shares is $26.41 while the 52-week low is $13.22. According to the latest information available, the market cap of the company is $1,498 M.

Infoblox Inc(BLOX) last announced its earnings results on Aug 31, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $86.30M. Analysts had an estimated revenue of $84.51M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Sep 2, 2016, Fred Gerson (director) sold 2,000 shares at $22.00 per share price.Also, On Jun 17, 2016, Jesper Andersen (President and CEO) sold 11,906 shares at $18.55 per share price.On Apr 26, 2016, Scott Fulton (EVP, Product Strategy) sold 10,057 shares at $16.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Infoblox Inc. provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The Company provides network control network automation and domain name system (DNS) security though appliance-based solutions. The Company’s solutions combine real-time Internet protocol address management (IPAM) automation of network control change and configuration management processes and DNS-based infrastructure security in purpose-built physical and virtual appliances. The Company’s functions include delivering critical network protocol services such as dynamic host configuration protocol (DHCP) network change and configuration management and network infrastructure security. The Company offers four product families: Core Network Services Infrastructure Security Cloud Network Automation and Network Change and Configuration Management.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Infoblox Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Infoblox Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.