Infoblox’s (BLOX) stock plunged after the communications network gear maker reported fiscal Q3 revenue below views, forecast lower-than-expected current-quarter earnings and said its chief executive would step down. Infoblox stock was down 36% in early trading in the stock market today. Infoblox’s appliances, which generally cost $8,500, assign Internet addresses to internal websites, smartphones, PCs or any device connected to corporate networks.
Infoblox (BLOX) stock plunged after the communication network gear maker warned late Monday that its fiscal Q2 revenue would miss expectations and slashed its full-year profit and sales outlook. Infoblox sells network appliances that manage Internet addresses and identify devices connected to corporate networks. The appliances help IT departments manage complex, related group of technologies together called DDI (DNS, or domain name system; DHCP,
A survey of chief information officers on their 2014 spending priorities bodes well for cloud computing, networking, security and apps. Pacific Crest Securities on Wednesday released the results of its annual CIO survey, which assesses information technology spending trends and implications across enterprise IT. The survey of 63 corporate chief information officers in November indicated that cloud, security and mobile technologies would continue to take a greater percentage of IT budgets next year. Surprisingly, the data also show that on-premise software could rebound in 2014. Pacific Crest analysts see Adobe Systems (ADBE) and Salesforce.com (CRM) as large-cap companies gaining spending share through secular trends next year. They see Infoblox (BLOX), Equinix (EQIX), Palo Alto Networks (PANW) and Qlik Technologies (QLIK) as mid-cap gainers and Gigamon (GIMO), Bazaarvoice (BV) and Brightcove (BCOV) as small-cap gainers. They predict that Oracle (ORCL) and Aruba Networks (ARUN) will benefit from cyclical growth trends. Overall…