Infoblox (BLOX) IPO Surges Higher
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Infoblox Inc. (NYSE: BLOX) IPO opened at $22.50 after pricing at $16 per share, above the expected $12-$14 range.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead joint book-running managers for the offering, UBS Securities LLC is serving as a joint book-running manager for the offering, and Pacific Crest Securities LLC, JMP Securities LLC and Stephens Inc. are serving as co-managers for the offering.
Infoblox is a leader in automated network control and provide an appliance-based solution that enables dynamic networks and next-generation data centers.
Net revenue increased from $61.7 million in 2009 to $132.8 million in 2011, representing a compounded annual growth rate of 46.7%, and cash flows from operating activities increased from $1.2 million to $21.5 million over that same period.
Net revenue increased from $61.7 million during the six months ended January 31, 2011 to $80.7 million during the six months ended January 31, 2012, representing a 31.0% increase. The company also generated $9.1 million and $9.0 million of cash flows from operating activities during the six months ended January 31, 2011 and 2012.
In 2010, Infoblox had net income of $7.0 million. In 2009 and 2011 and during the six months ended January 31, 2011 and 2012, Infoblox had net losses of $10.4 million, $5.3 million, $0.1 million and $2.8 million. As of January 31, 2012, Infoblox had an accumulated deficit of $102.8 million.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are acting as lead joint book-running managers for the offering, UBS Securities LLC is serving as a joint book-running manager for the offering, and Pacific Crest Securities LLC, JMP Securities LLC and Stephens Inc. are serving as co-managers for the offering.
Infoblox is a leader in automated network control and provide an appliance-based solution that enables dynamic networks and next-generation data centers.
Net revenue increased from $61.7 million in 2009 to $132.8 million in 2011, representing a compounded annual growth rate of 46.7%, and cash flows from operating activities increased from $1.2 million to $21.5 million over that same period.
Net revenue increased from $61.7 million during the six months ended January 31, 2011 to $80.7 million during the six months ended January 31, 2012, representing a 31.0% increase. The company also generated $9.1 million and $9.0 million of cash flows from operating activities during the six months ended January 31, 2011 and 2012.
In 2010, Infoblox had net income of $7.0 million. In 2009 and 2011 and during the six months ended January 31, 2011 and 2012, Infoblox had net losses of $10.4 million, $5.3 million, $0.1 million and $2.8 million. As of January 31, 2012, Infoblox had an accumulated deficit of $102.8 million.
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