Market Overview

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

Related BLOX
Mid-Afternoon Market Update: Ctrip.com Drops On Downbeat Q4 Outlook; Analog Devices Shares Spike Higher; TiVo Tumbles ~7%
Mid-Day Market Update: Infoblox Rises On Upbeat Results; SeaDrill Shares Slide

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
Nov 2014Deutsche BankMaintainsHold
Nov 2014Stephens & Co.UpgradesEqualweightOverweight
Nov 2014NeedhamUpgradesHoldBuy

View More Analyst Ratings for BLOX
View the Latest Analyst Ratings

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

 

Related Articles (BLOX)

Around the Web, We're Loving...

Get Benzinga's Newsletters