February 10, 2014 / 10:37 PM / 3 years ago

Infoblox estimates weak second-quarter, shares fall

1 Min Read

(Reuters) - Network equipment maker Infoblox Inc estimated second-quarter revenue below analysts' average forecast, citing disappointing business with the U.S. government and fewer $1 million-plus transactions.

The company's shares fell 29 percent to $23.42 in extended trading.

"While sales through the first two months of the quarter met our internal expectations, we experienced a much weaker January than expected," Infoblox Chief Executive Robert Thomas said in a statement.

The company forecast adjusted earnings of 10-12 cents per share on revenue of $60-$61 million for the quarter ended January 31.

Analysts on average were expecting earnings of 10 cents per share on revenue of $65.7 million, according to Thomson Reuters I/B/E/S.

Reporting By Lehar Maan in Bangalore; Editing by Don Sebastian

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below