Infoblox Posts Blowout Earnings; Shares Rise
Infoblox brought in third-quarter revenue of $43.4 million, up from $31.8 million in the same period last year, and above analysts' estimates of $41.4 million.
Excluding items, Infoblox earned 5 cents a share, compared with a loss of 3 cents. Analysts surveyed by Yahoo Finance! were looking for earnings of a penny a share.
For the third quarter, Infoblox predicted revenue between $42.5 million and $44 million, and an earnings range of flat to a penny a share. Analysts surveyed by Yahoo! Finance are looking for sales of $42.06 million and flat earnings.
Infoblox shares surged in response to the results, climbing 5.1% to $19.50 in extended trading.