Market Overview

UPDATE: Morgan Stanley Initiates Infoblox with Equal-Weight; Upside Priced In

Related BLOX
Equities Up Despite Jobs Miss, Investors Note Jobs Added In Right Sector
Infoblox Inc Gains On Upbeat Results; The Gap Inc. Shares Decline

Morgan Stanley initiates its coverage on Infoblox (NYSE: BLOX) with a rating of Equal-weight as it believes potential upside has already been fully priced into the shares.

Morgan Stanley says, "Initiating at EW, as at ~$20, the stock already reflects a material ramp in revenue and margin leaving little room for anything but beat and raise quarters, a likely but not assured scenario in light of Cisco's recent earnings. However, market opportunity is significant and the franchise strong."

BLOX closed at $19.48 on Monday.

Latest Ratings for BLOX

DateFirmActionFromTo
Aug 2014CitigroupMaintainsNeutral
Jul 2014Deutsche BankMaintainsHold
May 2014Deutsche BankDowngradesBuyHold

View More Analyst Ratings for BLOX
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Initiation Pre-Market Outlook Analyst Ratings

 

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