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Infoblox (BLOX -2%), which had a solid IPO last month, trades lower after Morgan Stanley and...

Infoblox (BLOX -2%), which had a solid IPO last month, trades lower after Morgan Stanley and Goldman start coverage with neutral ratings. MS thinks Infoblox's valuation already reflects high expectations, and "beat and raise quarters" aren't guaranteed in light of Cisco's guidance. Goldman touts Infoblox's "best-of-breed" network management solutions, but thinks a discount relative to peers is warranted given lower growth and margins.
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