Infoblox Appoints Atul Garg as Executive Vice President of Engineering
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Product Refresh and Security Sales Drives Strong 1Q for Infoblox (BLOX); Piper Jaffray Reiterates Overweight
December 1, 2015 8:06 AM ESTPiper Jaffray reiterated an Overweight rating and $30.00 price target on Infoblox (NYSE: BLOX) following the company's 1Q earnings report. Revenue of $94.0M came in well above consensus of $87.6M, and managements guided range of $86.0-$88.0M. Continued acceleration in product growth was the primary... More
Infoblox (BLOX) Reports Strong 1Q Results, But Needham & Company Remains Concerned Over Replacement Upgrade; Reiterates Hold
December 1, 2015 7:39 AM ESTNeedham & Company maintained a Hold rating on Infoblox (NYSE: BLOX) following the company's 1Q16 earnings report. Against a 5% Revenue growth in the year-ago period with Product Sales down 12%, Infoblox posted 41% Revenue growth and came in ahead of forecast. While this was a stronger than Needham expected, it does not... More
