UBS Raises Numbers on Infoblox (BLOX); Secular Tailwind Blowing
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Price: $13.11 -1.21%
Rating Summary:
5 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
5 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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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.
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.
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