real-time news and commentary for investors
Friday, Sep 7
2012, 10:23 AM
2012 IPOs Infoblox (BLOX -14.2%) and Envivio (ENVI -17.4%) get crushed after posting...
2012 IPOs Infoblox (BLOX -14.2%) and Envivio (ENVI -17.4%) get crushed after posting disappointing earnings reports (I, II). While Infoblox's FQ4 results were decent, the network management software firm's mixed FY13 guidance (revenue of $195M-$202M and EPS of $0.04-$0.07 vs. consensus of $194.8M and EPS of $0.11) isn't going over well. Envivio, meanwhile, both missed FQ2 EPS forecasts and guided for FQ3 results below already-depressed Street estimates. (ENVI warning)