Infoblox (BLOX) Tops Q3 EPS by 1c; Guides FY16 EPS Above Views
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Piper Jaffray Cuts Price Target on Infoblox (BLOX) Following 3Q
May 26, 2016 7:52 AM EDTPiper Jaffray maintained an Overweight rating on Infoblox (NYSE: BLOX), and cut the price target to $24.50 (from $26.00), following the company's 3Q earnings report. Revenue of $82.0M decreased 14.6% sequentially but was up 4.9% Y/Y, while also coming in at the high-end of managements preannouncement ($81-$82M).
Analyst Troy Jensen commented, "A... More
Infoblox (BLOX): Surprise Restructuring Could Double Margins in FY17 - Needham & Company
May 26, 2016 6:50 AM EDTInfoblox (NYSE: BLOX) reported results in line with the pre-release, Needham & Company analyst noted Alex Henderson. They also fessed up to the decline in FY171H Revenues as the comps of the product refresh loom, which gets the biggest risk we have... More
