BLOX, UAL And AMZN, Pushing Services Sector Downward
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All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 136 points (0.9%) at 15,938 as of Tuesday, Feb. 11, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,190 issues advancing vs. 719 declining with 175 unchanged.
The Services sector currently sits up 0.4% versus the S&P 500, which is up 0.8%. A company within the sector that fell today was Delta Air Lines (DAL), up 0.9%. Top gainers within the sector include Melco Crown Entertainment (MPEL), up 3.2%, Royal Caribbean Cruises (RCL), up 3.1%, H&R Block (HRB), up 2.9%, Grupo Televisa S.A.B (TV), up 2.7% and Cardinal Health (CAH), up 2.3%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3. Infoblox (BLOX) is one of the companies pushing the Services sector lower today. As of noon trading, Infoblox is down $15.53 (-46.9%) to $17.61 on heavy volume. Thus far, 18.3 million shares of Infoblox exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $17.10-$18.94 after having opened the day at $18.54 as compared to the previous trading day's close of $33.14.
Infoblox Inc. develops, markets, and sells automated network control solutions worldwide. Its appliance-based solution combines real-time IP address management with the automation of network control, and network change and configuration management processes in physical and virtual appliances. Infoblox has a market cap of $1.8 billion and is part of the diversified services industry. Shares are up 1.6% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Infoblox a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates Infoblox as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. Get the full Infoblox Ratings Report now.