Seeking Alpha

Infoblox issues FQ2/FY14 warning, shares -29.1% AH

  • Infoblox (BLOX) expects to report FQ2 (Jan. quarter) revenue of $60M-$61M, below prior guidance of $65M-$66M and a $65.7M consensus. EPS is expected to be in a range of $0.10-$0.12 vs. a prior range of $0.09-$0.11 and a $0.10 consensus.
  • In addition, the maker of networking/security management appliances now forecasts FY14 (ends July '14) revenue of $250M-$254M (below prior guidance of $$270M-$276M and a $274.5M consensus), and FY14 EPS of $0.30-$0.34 (below prior guidance of $0.44-$0.54 and a $0.52 consensus).
  • Infoblox blames weak January sales, fewer-than-expected $1M+ deals, and soft federal demand.
  • Shares crashed in November in response to investor disappointment with Infoblox's original FQ2 forecast. They're now at the lowest levels seen since last spring.
  • FQ2 results are due on Feb. 26.
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