UPDATE: Morgan Stanley Initiates Infoblox with Equal-Weight; Upside Priced In
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
|Apr 2015||Deutsche Bank||Maintains||Buy|
|Mar 2015||Guggenheim Securities||Initiates Coverage on||Buy|
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