InfoBlox Price Target Raised Ahead Of Q1 Earnings

By | November 25, 2013

Scalper1 News

InfoBlox (BLOX) got a price target boost Monday by Needham & Co., as the network-automation specialist is expected to post another 20%-plus quarterly sales gain when it reports fiscal Q1 results after the close Tuesday. Analysts polled by Thomson Reuters estimate InfoBlox will report earnings per share of 9 cents for the quarter ended Oct. 31, up 47% from the year-earlier quarter. Sales are expected to rise 28% to $64 million. Needham analyst Alex Scalper1 News

Scalper1 News