Infoblox (BLOX) Tops Q1 EPS by 7c, Offers Q2 Guidance; Company Approves $100M Buyback

Infoblox (NYSE: BLOX) reported Q1 EPS of $0.13, $0.07 better than the analyst estimate of $0.06. Revenue for the quarter came in at $94 million versus the consensus estimate of $87.64 million.

Infoblox sees Q2 2016 EPS of $0.12-$0.14, versus the consensus of $0.07. Infoblox sees Q2 2016 revenue of $93-95 million, versus the consensus of $91.29 million.

$100 Million Share Repurchase Authorization

The Company also announced that its board of directors has authorized a $100 million share repurchase program, with $50 million of that program expected to be executed as an accelerated share repurchase in the short term.

For the remaining authorized $50 million, stock purchases may be made from time to time in compliance with applicable securities laws in the open market or in privately negotiated transactions. The timing and amounts of any purchases will be based on market conditions and other factors including price, regulatory requirements and capital availability. The remaining $50 million authorization does not require the purchase of any minimum number of shares, has no expiration date and may be suspended, modified or discontinued at any time without prior notice.

For earnings history and earnings-related data on Infoblox (BLOX) click here.

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