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.