Infoblox (NYSE:BLOX) Rating Reaffirmed
Infoblox (NYSE:BLOX) just had their share rating of a ‘Overweight’ issued by research analysts at Stephens, who now has a $27.00 Estimated Target Price on the $895.23 million market cap company or a 79.40% upside potential. This key information was announced to investors in an analyst research report on 1 December.
From a total of 12 analysts covering Infoblox (NYSE:BLOX) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 77% of the ratings are positive. The highest target price is $37 while the lowest target price is $13. The mean of all analyst targets is $26 with a 53.95% above today’s ($15.05) stock price. Infoblox was the topic of 11 analyst reports since August 28, 2015 according to the firm StockzIntelligence Inc. Needham downgraded shares on November 24 to “Hold” rating. UBS maintained shares with “Neutral” rating and $22.0 target share price in a report from a September 4. Sterne Agee CRT upgraded BLOX stock in a recent report from October 16 to “Buy” rating. Needham maintained the rating on September 4. Needham has a “Buy” rating and a $27.0 price target on shares. Finally, Stifel Nicolaus initiated the stock with “Buy” rating in a report issued on a September 22.
The stock increased 0.07% or $0.01 during the last trading session, striking $15.05. Approximately 40,919 shares of stock traded hands. Infoblox Inc (NYSE:BLOX) has declined 38.86% since April 28, 2015 and is downtrending. It has underperformed by 37.24% the S&P500.
Infoblox Inc. provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The company has a market cap of $895.23 million. The Firm provides network control, network automation and domain name system security though appliance solutions. It currently has negative earnings. The Company’s solutions combine real-time Internet protocol address management (IPAM), automation of network control, change and configuration management processes and DNS infrastructure security in purpose-built physical and virtual appliances.
According to Zacks Investment Research, “Infoblox Inc. operates as an automated network controller and provides an appliance-based solution that enables dynamic networks and next-generation data centers. It offers two families of products: Trinzic DDI and NetMRI. The Trinzic DDI product family enables real-time DNS, DHCP and IPAM and automates key network control processes. The NetMRI product family automates network change and configuration management processes. The Company’s network functions include Internet protocol address management, device configuration, compliance, network discovery, policy implementation, security and monitoring. Infoblox Inc. is headquartered in Santa Clara, California.” Get a free copy of the Zacks research report on Infoblox Inc (BLOX)