Infoblox’s (BLOX) stock jumped Tuesday after the communications network gear maker late Monday reported fiscal Q1 EPS and revenue that topped expectations and forecast current-quarter earnings above views. Infoblox was up 24% in early trading in the stock market today, near 18.60, a nearly three-month high. Even with Tuesday’s gain, shares are down 8% in 2015. Infoblox said it earned 13 cents per share minus items in the three months ended Oct.
Infoblox (BLOX) aims to deliver sustained 20%-plus revenue growth through new marketing initiatives and a push into security products, though some analysts caution that the company’s turnaround is still a work in progress. At its analysts day event Monday in San Francisco, the network gear maker’s new chief executive, Jesper Andersen, laid out plans to expand from its core “DDI” appliance market. “Management sounded extremely bullish on their
Infoblox (BLOX) appears to have gotten its mojo back after the network management services company reported fiscal Q2 earnings after the close Thursday that soundly beat analyst estimates. So concludes Amitabh Passi, an analyst for UBS Securities, in a research report Friday. He has a neutral rating on the company. “Nearly a year ago, Infoblox tweaked its sales strategy to focus on larger accounts, and that appears to be paying off now,” Passi