Infoblox Inc. (BLOX) saw a big move last session, as the company’s shares fell by more than 48% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $32.56–$38.56 in the past one-month time frame, showed a sharp decline yesterday at $17.19.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increases or decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
BLOX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Better-ranked stocks in the same sector include Open Text Corporation (OTEX), Cadence Design Systems Inc. (CDNS) and Autodesk, Inc. (ADSK). All these stocks carry a Zacks Rank #1 (Strong Buy).
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