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Infoblox Beat Expectations in 4Q15

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About Infoblox

Infoblox (BLOX) is a leader in automated network control and provides technology to clients to control their networks. Infoblox aims to make essential services of the modern network (such as DNS, DHCP, and IP Address Management) automated and resilient. The price movement of Infoblox on a weekly, monthly, and year-to-date basis is -8.19%, -20.17%, and -9.55%, respectively. The PureFunds ISE Cyber Security ETF (HACK) has a year-to-date price movement of 0.34%.

On the acquisition side, in 2010, Infoblox acquired Netcordia to complement its core network services products with leading technologies for network task automation and automated change and configuration management.

SolarWinds (SWI), F5 Networks (FFIV), Riverbed Technology (RVBD), EMC (EMC), and Alcatel Lucent SA (ALU) are Infoblox’s competitors.

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Infoblox’s performance in 3Q15

In the 3Q15 earnings report, the company posted revenue projections of 1.2% to 3.8% for 4Q15. The company’s net revenue rose by 5.11% to $78.103 million. The company’s revenue growth was boosted by Infoblox DDI for Amazon Web Services (AWS), a virtual appliance that extends the Infoblox solution for enterprise-grade network services and security to the AWS cloud.

Infoblox’s 4Q15 performance

Infoblox’s products and licenses have risen 13.77%, which resulted in net revenue increasing by 11.3% to $86.999 million in 4Q15 as compared to 3Q15. The company beat its net revenue projection by 8.8% in 4Q15. This increase in net revenue has reduced the net loss by 7.9% and cash and cash equivalent has increased by 13.5% to $103.124 million.

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