Law
Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of investors of Infoblox, Inc. (“Infoblox” or
the “Company”) (NYSE:BLOX). The investigation concerns possible
violations of federal securities laws and focuses on the Company’s
business and financial performance.
Infoblox develops, markets and sells automated network control solutions
worldwide. The Company’s appliance-based solution combines real-time IP
address management with the automation of network control, and network
change and configuration management processes in physical and virtual
appliances. The investigation is related to the Company’s May 29, 2014,
announcement of disappointing financial results for its third fiscal
quarter ended April 30, 2014. The Company reported non-GAAP net income
of $3.8 million, or $0.07 diluted net income per share on a non-GAAP
weighted-average share basis -- compared with non-GAAP net income of
$6.0 million, or $0.11 diluted net income per share, for the prior-year
period. According to the Company, revenue for the third quarter was $61
million, which was at the low-end of its guidance range, and “we again
experienced challenges in closing seven-figure transactions.” Infoblox
also lowered its year-over-year revenue forecast and, in a separate
press release, the Company announced the resignation of its chief
executive officer, Robert Thomas.
If you purchased Infoblox securities, if you have information or would
like to learn more about these claims, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com,
or visit our website at www.howardsmithlaw.com.
Copyright Business Wire 2014