Infoblox Beaten Down On Poor Earnings Report

Infoblox BLOX reported a loss after-hours on Thursday.

Q3 EPS of $0.07 vs $0.03 Est; Revenue of $61.0M vs $61.65M Est.  Stock is trading down almost 30% after-hours to $14.35. President and CEO Robert Thomas said "Revenue for the third quarter was $61M, which was at the low-end of our guidance range of $61M to $62M."

Infoblox reported a net loss of $7.4M, or $0.14 loss per fully diluted share, for the third quarter of fiscal 2014, compared with a net loss of $0.3M, or $0.01 loss per fully diluted share, for the third quarter of fiscal 2013.

For Q4 expectations, the company currently expects:

-- Total net revenue in the range of $60Mto $61M;

-- Non-GAAP gross margin to be between 78% to 79%;

-- Non-GAAP operating margin in the range of 0.0% to 2.0%; and

-- Non-GAAP diluted net income per share ("non-GAAP EPS") to be in the range of $0.00 to $0.02, assuming approximately 56.9M shares on a non-GAAP diluted weighted-average share basis.

For the fiscal year ending July 31, 2014, the Company currently expects:
-- Total net revenue in the range of $245M to $246M;

-- Non-GAAP operating margin in the range of 7.5% to 8%; and

-- Non-GAAP EPS to be in the range of $0.30 to $0.32, assuming approximately