December 1, 2015 1:57 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: BLOX) surged over 17 percent in after-hours trading Monday after the company reported better-than-expected results for its fiscal first quarter and issued a strong outlook. The Santa Clara, California-based company reported a quarterly net loss of $1.5 million, or $0.03 per share, versus a year-ago net loss of $10.2 million, or $0.18 per share. Its non-GAAP earnings surged to $0.13 per share from $0.05 per share.Its total net revenue climbed 40.9 percent year-over-year to $94.0 million. However, analysts were expecting earnings of $0.06 per share on revenue of $87.58 million.Product revenue climbed 61.4 percent year-over-year in the latest quarter, while services revenue surged 22.6 percent year-over-year.Non-GAAP gross margin expanded to 81.2 percent from 79.9 percent."Infoblox offers best-of-breed DDI and DNS security solutions that drove record first quarter revenue as we executed well across key operating metrics," said Jesper Andersen, president and chief executive officer of Infoblox. "We saw strong revenue growth across all major geographies, and security revenue exceeded $10 million in the quarter."For the second quarter, Infoblox projects adjusted earnings of $0.12 to $0.14 per share on revenue of $93 million to $95 million. Analysts had expected earnings of $0.07 per share on revenue of $91.3 million. Infoblox expects FY16 sales of $370 million to $380 million, versus analysts' expectations of $369 million.The company's board announced a $100 million share buyback program, with $50 million of that to be executed as an accelerated buyback in the short term.Infoblox shares climbed 17.09 percent to $17.61 in the after-hours trading session.
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