UBS Raises Numbers on Infoblox (BLOX); Secular Tailwind Blowing
Tweet Send to a FriendGet Alerts BLOX Hot Sheet
Price: $21.94 -1.35%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade BLOX Now!
UBS maintains a 'Buy' on Infoblox (NYSE: BLOX) price target of $24.00 (from $21.00).
Analyst, Amitabh Passi, said, "We retain our Buy rating on Infoblox (BLOX) as we believe BLOX is well levered to benefiting from key trends such as virtualization, private cloud, and BYOD that drive network complexity higher and necessitate the need to automate the process of IP address assignment, management, and network navigation – BLOX’s sweet spot. The company is still in investment mode, has high operating leverage, and with normalized OM/EPS that could approach 20%/$1.00 over time."
Lowers FY13 EPS estimate from $0.11 to $0.06. '13 revenues raised from $195M to $198M. FY14 EPS estimate raised from $0.25 to $0.28, and FY15 from $0.43 to $0.53.
For an analyst ratings summary and ratings history on Infoblox click here. For more ratings news on Infoblox click here.
Shares of Infoblox closed at $23.39 yesterday, with a 52 week range of $16.80-$24.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Amitabh Passi, said, "We retain our Buy rating on Infoblox (BLOX) as we believe BLOX is well levered to benefiting from key trends such as virtualization, private cloud, and BYOD that drive network complexity higher and necessitate the need to automate the process of IP address assignment, management, and network navigation – BLOX’s sweet spot. The company is still in investment mode, has high operating leverage, and with normalized OM/EPS that could approach 20%/$1.00 over time."
Lowers FY13 EPS estimate from $0.11 to $0.06. '13 revenues raised from $195M to $198M. FY14 EPS estimate raised from $0.25 to $0.28, and FY15 from $0.43 to $0.53.
For an analyst ratings summary and ratings history on Infoblox click here. For more ratings news on Infoblox click here.
Shares of Infoblox closed at $23.39 yesterday, with a 52 week range of $16.80-$24.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Best Buy (BBY) Numbers Raised at Jefferies Post Q1
- Jefferies Bumps PT on Home Depot (HD) to $91
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
