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Interesting Stocks To Watch - Nov. 29: BLOX

Network automation company Infoblox Inc. (BLOX) comes on our radar after issuing second quarter and fiscal 2013 guidance, above consensus.

For the second quarter, Infoblox expects adjusted earnings to be in the range of $0.03 - $0.04 per share on revenues of $50 million - $51.5 million. Analysts currently estimate earnings of $0.01 per share on revenues of $48.29 million for the quarter.

For the full year 2013, the company currently projects adjusted earnings to range between $0.17 and $0.21 per share on revenues of $204 million - $208 million. Analysts are looking for earnings of $0.06 per share on revenues of $198.99 million for the year.

Previously, the company expected fiscal 2013 earnings in the range of $0.04 - $0.07 per share and net revenues in the range of $195 million - $202 million.

Quarterly Results

Q1 - FY13

- Q1 net loss was $2.4 million versus $1.8 million last year

- Q1 loss per share was $0.05 versus $0.16 last year.

- Q1 non-GAAP net income was $3.1 million or $0.06 per share versus $0.8 million or $0.02 per share last year. Consensus - breakeven per share.

- Q1 total net revenue was $49.51 million, up from $39.36 million in the year ago quarter. Consensus - $46.18 mln.

Q4 - FY12

- Q4 net loss was $4.3 million or $0.10 per share versus loss $2.1 million or $0.20 per share last year.

- Q4 non-GAAP net income was $0.7 million or $0.01 per share versus $0.2 million or $0.00 per share last year. Consensus - $0.01/Shr.

- Q4 total net revenue was $45.1 million, up from $39.39 million in the year ago quarter. Consensus - $43.54 mln.

Q3 - FY12

- Q3 net loss was $1.0 million or $0.07 per share, narrower than $3.1 million or $0.31 per share last year.

- Q3 non-GAAP net income was $2.2 million or $0.05 per share versus loss $1.0 million or $0.03 per share last year. Consensus - $0.01/Shr.

- Q3 total net revenue rose 37% to $43.42 million from $31.79 million last year. Consensus - $41.44 million.

Annual Financial Data

The company's revenues increased to $169.2 million in 2012, from $132.8 million in 2011, $102.2 million in 2010, $61.7 million in 2009, and $56.0 million in 2008.

Net loss for fiscal 2012 was $8.21 million or $0.40 per share, compared to a loss of $5.32 million or $0.54 per share in 2011, profit $6.99 million or $0.01 per share in 2010, loss $10.4 million or $1.50 per share in 2009, and loss $10.7 million or $1.76 per share in 2008.

Company Profile

Infoblox develops, markets, and sells automated network control solutions worldwide. Its 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.

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