Infoblox Inc. (NYSE: BLOX) is the winner for Thursday as the automated network control systems provider showed that its sales gained almost 26% from a year ago. Earnings came in at $0.06 per share on sales of $49.5 million. Thomson Reuters was looking only for a breakeven on earnings and was looking for revenues to be $46.2 million.
The company called it an outstanding start to its new fiscal year, and it made a comment that you are just not hearing elsewhere in technology: strong demand across all geographic regions.
As a result, guidance also was amped up. Infoblox now sees revenues of $50 million to $51.5 million and it sees its earnings at $0.03 to $0.04 per share. Thomson Reuters has estimates of $0.01 per share and $48.3 million in sales. For its fiscal 2013 ending in July, Infoblox is guiding to a range of $204 million to $208 million in revenue with earnings at $0.17 to $0.21 per share. Thomson Reuters has estimates of $199 million in sales and EPS of $0.06.
Infloblox has been public less than a year and shares had previously sold off considerably as the market was untrusting of the growth here. Infoblox closed at $13.95 on Wednesday, and the 52-week range is $13.73 to $24.15. Shares are up more than 30% today around $18.40.
When Infoblox came public earlier this year, its shares priced at $16 at the IPO, and that was above the $12 to $14 per share indicated price range.
JON C. OGG
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.