UBS Upbeat Following Infoblox (BLOX) FQ1

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Following a positive FQ1 earnings report, UBS maintained a Buy rating on Infoblox (NYSE: BLOX) and raised its price target to $25.00 (from $24.00).

Analysts said the company remained one of the more compelling secular growers in the space, and was benefiting from positive industry trends, including Bring-Your-Own Device, virtualization, IPv6 transition, and IP address management.

"In addition, we look to additional vectors of growth from new offerings including NetMRI, load balancer for F5, and a new security module to be available in [early next year].

For an analyst ratings summary and ratings history on Infoblox (NYSE: BLOX) click here. For more ratings news on Infoblox click here.

Shares of Infoblox closed at $13.95 yesterday, with a 52 week range of $13.73-$24.15.

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