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Infoblox Q4 Results Disappointing; Suffers Huge Loss

September 15, 2014 By Marlene R. Litten

One of the major data services provider, it was reported that a decrease in Infoblox shares has happened. Infoblox is a technology company found in Silicon Valley and established in 1999 by Stuart Bailey. The company concentrates on IT management tools, hardware and software for Internet addresses identification when connected to networks.

Just last Thursday, the famous technology firm has reported loss for the fourth quarter due to a net income last year. Its net income was affected by high operating costs versus low gross margins. Hence, the earnings for this quarter and revenues have created analysis estimates sending 11 percent up following market trade. The company has lost $9.7 million from $1.5 million last year. The quarter profit declined to $1.8 million or $0.03 per share from $7.9 million or $0.14 per share. The 13 analysts have expected the earnings of $0.01 per share from the quarter.

Loss of Infoblox Shares on Q4

The overall financial performance of Infoblox was attributed to its IT management tools that prevented data services problems such as DNS spoofing and distributed-denial-of-service attacks.  The applicability of their products has provided a wide market span for Infoblox with over 6,000 customers including government organizations and other business firms.

Its main investor was Sequioa Capital who also provided funds to NetScreen and NetAppliance. On average, the 13 analysts expect the Infoblox shares of $0.01 for the quarter excluding special items. The revenues for the quarter, according to Infoblox, increased to 3 percent from $63.1 million last 2013 to $64.9 this year. The 11 analysts agreed that the revenue estimate amounts to $60.49 million.

The gross margins for the quarter have decreased to 77.5 percent from last year’s 78.1 percent. Operating costs has increased to $59.8 million. As they look forward to the next quarter they expect a gain of at least 11.56 percent after hours of trade. With revenues of $61.45 million for the next quarter, analysts agree that Infoblox shares may amount to $0.03.

  • About the Author

About Marlene R. Litten

Marlene has always been a journalist at heart, though her wordsmithing capabilities helped her contribute to a multitude of blogs before finally settling for the online press. She strongly advocates for those treated unjustly and likes to cover US and World news.

Filed Under: Business Tagged With: Infoblox shares

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