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Surging Earnings Estimates Signal Good News for Infoblox (BLOX)
September 28, 2016


Trades from $3

Infoblox Inc. (BLOX - Snapshot Report) is a developer of network control solutions that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BLOX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Infoblox could be a solid choice for investors.

Current Quarter Estimates for BLOX

In the past 30 days, 1 estimate has gone higher for Infoblox while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 14 cents a share 30 days ago, to a loss of 3 cents today, a move of 78.6%.

Current Year Estimates for BLOX

Meanwhile, Infoblox’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 28 cents per share 30 days ago to earnings of 10 cents per share today, a significant move.

INFOBLOX INC Price and Consensus


INFOBLOX INC Price and Consensus | INFOBLOX INC Quote

Bottom Line

The stock has also started to move higher lately, adding 30.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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