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Infoblox, Inc.
Type
Private
Industry Computer networking
Founded Chicago, Illinois (1999)
Founder Stuart Bailey
Headquarters Santa Clara, California
Key people

Jesper Andersen (CEO)

Cricket Liu (Chief DNS Architect)
Revenue $360 million
Number of employees
700+ (2017)
Parent Vista Equity Partners
Website infoblox.com

Jesper Andersen (CEO)

Infoblox, formally (NYSE:BLOX), is a privately held IT automation and security company based in California's Silicon Valley. The company focuses on managing and identifying devices connected to networks—specifically for the Domain Name System (DNS), Dynamic Host Configuration Protocol, and IP address management. According to Gartner, by 2015 the Infoblox market share was 49.9 percent of the $533 million enterprise DDI market. In June 2016, IDC, a market intelligence firm, named Infoblox as the market share leader in DNS, DHCP and IP address management. No other competitor had a market share greater than 15 percent.

Infoblox was founded in 1999 in Chicago, Illinois, by Stuart Bailey who was at the University of Illinois. The company moved to Santa Clara, California, in 2003.

In 2007, Infoblox acquired French startup Ipanto, which led to the development of IPAM WinConnect appliances. In 2010, Infoblox acquired Netcordia which provided technologies for network task automation. Later in the same year, the company integrated Infoblox IP address management technology with Netcordia's network configuration and change management technologies. As virtualization and cloud computing became increasingly prevalent in data centers, automation was marketed using the term distributed virtual infrastructure. The company added DNS security products, and it also supplied hardware appliances to host its software. Infoblox joined commercial and government groups, and independent research, and made Tapestry, its open-source software, generally available.

Network management became increasingly crucial, after a sharp rise in computer crime, especially attacks that exploit DNS servers, such as DNS spoofing and distributed denial-of-service attacks. In 2012, 7.8 million new malware threats emerged. Mobile threats grew by 1,000 percent, and 865 successful breaches compromised 174 million records. DNS servers in particular are vulnerable to hacking, and often used in destructive attacks such as the Syrian Electronic Army (SEA) attack that hit The New York Times and Twitter in 2013. In December 2013, it estimated 6,000 customers, which included government organizations as well as businesses.

In February of 2016, the company acquired IID, a cyberthreat intelligence company. On September 19, 2016, Vista Equity Partners announced intent to purchase Infoblox for approximately $1.6 billion. The acquisition closed in November. In June 2017, Infoblox announced an expansion to its Tacoma, Washington, office, which focuses on cybersecurity research, threat intelligence and engineering.

Infoblox received $80 million in five rounds of financing (2000, 2001, 2003, 2004 and 2005). The company's main investor was Sequoia Capital. The company had their initial public offering on April 20, 2012. Shares were listed on the New York Stock Exchange under the symbol BLOX. The stock price advanced 40 percent in the first day of trading. After adding 250 employees that year, Infoblox moved to Santa Clara. Earnings leading up through Q4 2013 showed financial as well as physical growth. Total net revenue for the fourth quarter of fiscal 2013 was $63.1 million, an increase of 40 percent on a year-over-year basis. Total net revenue for fiscal 2013 was a record $225.0 million, an increase of 33 percent compared with the total net revenue of $169.2 million in fiscal 2012. First quarter results for 2014 fell short of expectations, causing a drop in share price.

By 2015, the Infoblox market share in DDI jumped to 49.9 percent in 2015 from 46.7 percent in 2014, and the overall DDI market grew 18.3 percent in the same period to $533 million. No other competitor had a market share greater than 15 percent.

A sample of Infoblox products, platforms and network services includes:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2017 2017-02-27 Future report Set alerts
Q1 2017 2016-11-28 Future report Set alerts
Q4 2016 2016-08-31 0.08 -0.18
Q3 2016 2016-05-25 0.06 -0.10
Q2 2016 2016-02-25 0.17 0.06
Q1 2016 2015-11-30 0.13 -0.03
Q4 2015 2015-09-03 0.12 -0.08
Q3 2015 2015-05-28 0.12 -0.09
Q2 2015 2015-02-26 0.09 -0.13
Q1 2015 2014-11-25 0.05 -0.18

Ratings

2016-05-26 Reiterated Rating Cowen and Company Outperform $32.00 to $28.00
2016-05-26 Reiterated Rating Piper Jaffray Buy $26.00 to $24.50
2016-05-26 Reiterated Rating Needham & Company LLC Hold
2016-05-26 Reiterated Rating Piper Jaffray Cos. Buy $26.00 to $24.50
2016-05-16 Downgrade DA Davidson Neutral to Underperform $16.00
2016-05-12 Reiterated Rating JMP Securities Buy $20.00
2016-05-10 Lower Price Target Deutsche Bank Sell $13.00 to $12.00
2016-05-10 Reiterated Rating Morgan Stanley Hold
2016-05-10 Lower Price Target Deutsche Bank AG Sell $13.00 to $12.00
2016-04-14 Reiterated Rating Deutsche Bank Sell $13.00
2016-02-28 Reiterated Rating Piper Jaffray Overweight $30.00 to $26.00
2016-02-09 Reiterated Rating DA Davidson Neutral $17.00
2016-02-09 Reiterated Rating William Blair Outperform
2015-12-02 Reiterated Rating Guggenheim Buy
2015-12-01 Reiterated Rating Deutsche Bank Sell
2015-12-01 Reiterated Rating Needham & Company LLC Hold
2015-12-01 Reiterated Rating Citigroup Inc. Buy
2015-12-01 Reiterated Rating William Blair Buy
2015-12-01 Reiterated Rating Piper Jaffray Overweight $30.00
2015-12-01 Lower Price Target Stephens Overweight $30.00 to $27.00
2015-12-01 Reiterated Rating Stifel Nicolaus Buy $23.00
2015-11-26 Initiated Coverage Stephens Outperform
2015-11-26 Initiated Coverage Pacific Crest Outperform $27.00
2015-11-26 Initiated Coverage Morgan Stanley Equal Weight
2015-11-26 Initiated Coverage Goldman Sachs Neutral
2015-11-26 Initiated Coverage Goldman Sachs Group Inc. Neutral
2015-11-24 Downgrade Needham & Company LLC Buy to Hold
2015-11-24 Downgrade Deutsche Bank Hold to Sell $20.00 to $13.00
2015-10-16 Upgrade Sterne Agee CRT Neutral to Buy $16.13 to $26.00
2015-10-12 Lower Price Target DA Davidson Neutral $22.00 to $17.00
2015-09-22 Downgrade Deutsche Bank Buy to Hold $30.00 to $20.00
2015-09-21 Initiated Coverage Stifel Nicolaus Buy $23.00 to $23.00
2015-09-07 Upgrade William Blair Buy
2015-09-06 Reiterated Rating Deutsche Bank Buy
2015-09-05 Reiterated Rating JMP Securities Outperform $32.00
2015-09-05 Reiterated Rating Morgan Stanley Equal Weight $19.00
2015-09-04 Lower Price Target Needham & Company LLC Buy $33.00 to $27.00
2015-09-04 Reiterated Rating Cowen and Company Neutral $36.00 to $37.00
2015-09-02 Reiterated Rating Needham & Company LLC Buy $33.00 to $27.00
2015-09-01 Upgrade William Blair Market Perform to Outperform
2015-08-28 Lower Price Target DA Davidson Neutral $28.00 to $22.00
2015-08-23 Reiterated Rating Deutsche Bank Buy $32.00
2015-06-05 Reiterated Rating Needham & Company LLC Buy $33.00
2015-06-01 Reiterated Rating DA Davidson Neutral $25.50 to $28.00
2015-06-01 Reiterated Rating Cowen and Company Outperform $30.00 to $36.00
2015-05-29 Boost Price Target JMP Securities Market Outperform $29.00 to $32.00
2015-05-29 Boost Price Target Piper Jaffray Overweight $28.00 to $30.00
2015-05-28 Reiterated Rating Needham & Company LLC Buy $27.00
2015-05-26 Boost Price Target Deutsche Bank Buy $28.00 to $30.00
2015-04-02 Reiterated Rating Deutsche Bank Buy $26.00 to $28.00
2015-03-26 Initiated Coverage Guggenheim Buy
2015-02-27 Set Price Target Needham & Company LLC Buy $27.00
2015-02-27 Boost Price Target Deutsche Bank Buy $23.00 to $26.00
2015-02-27 Boost Price Target Piper Jaffray Overweight $23.00 to $28.00
2015-02-27 Boost Price Target Pacific Crest Outperform $25.00 to $28.00
2015-02-27 Boost Price Target JMP Securities Outperform $23.00 to $29.00
2015-02-27 Upgrade Citigroup Inc. Neutral to Buy $17.00 to $32.00
2015-02-19 Reiterated Rating Deutsche Bank Buy $23.00
2015-01-16 Boost Price Target DA Davidson Neutral $17.00 to $21.00
2015-01-06 Set Price Target Needham & Company LLC Buy $24.00
2015-01-06 Upgrade Deutsche Bank Hold to Buy $17.00 to $23.00
2014-12-18 Upgrade Pacific Crest Sector Perform to Outperform $25.00
2014-12-15 Boost Price Target Piper Jaffray Top Pick $23.00
2014-11-26 Reiterated Rating Deutsche Bank Hold $16.00 to $17.00
2014-11-26 Upgrade Stephens Equal Weight to Overweight $18.00 to $21.00
2014-11-24 Upgrade Needham & Company LLC Hold to Buy $21.00
2014-11-20 Reiterated Rating Citigroup Inc. Hold $14.00 to $16.00
2014-11-17 Boost Price Target DA Davidson Neutral $14.50 to $17.00
2014-09-05 Boost Price Target Citigroup Inc. $14.00
2014-09-05 Boost Price Target Goldman Sachs $15.00 to $16.00
2014-09-05 Boost Price Target Deutsche Bank $15.00 to $16.00
2014-08-27 Lower Price Target DA Davidson Neutral $14.00
2014-08-19 Reiterated Rating Citigroup Inc. Neutral $15.00 to $13.00
2014-07-21 Reiterated Rating Deutsche Bank Hold $18.00 to $15.00
2014-05-30 Lower Price Target DA Davidson Neutral $21.00 to $14.50
2014-05-30 Reiterated Rating Sterne Agee CRT Neutral $20.00 to $15.00
2014-05-30 Lower Price Target Wedbush Neutral $25.00 to $18.00
2014-05-30 Reiterated Rating Piper Jaffray Overweight $30.00 to $20.00
2014-05-30 Reiterated Rating Citigroup Inc. Neutral $25.00 to $15.00
2014-05-30 Reiterated Rating JMP Securities Market Outperform $28.00 to $18.00
2014-05-30 Downgrade Stephens Overweight to Equal Weight
2014-05-30 Downgrade Pacific Crest Outperform to Sector Perform
2014-05-30 Downgrade William Blair Outperform to Market Perform
2014-05-30 Downgrade Goldman Sachs Buy to Neutral $31.00 to $15.00
2014-05-30 Downgrade Deutsche Bank Buy to Hold $30.00 to $18.00
2014-05-16 Lower Price Target DA Davidson Neutral $24.00 to $21.00
2014-04-22 Reiterated Rating Deutsche Bank Buy $30.00
2014-03-17 Boost Price Target Deutsche Bank Buy $26.00 to $30.00
2014-03-14 Initiated Coverage DA Davidson Neutral $24.00
2014-03-13 Initiated Coverage DA Davidson Neutral $24.00
2014-03-12 Boost Price Target Goldman Sachs Buy $27.00 to $31.00
2014-03-10 Initiated Coverage Piper Jaffray Overweight
2014-02-27 Boost Price Target Deutsche Bank $25.00 to $26.00
2014-02-25 Initiated Deutsche Bank Buy $25
2014-02-24 Initiated Coverage Deutsche Bank Buy $25.00
2014-02-20 Upgrade Goldman Sachs Neutral to Buy $19.19 to $27.00
2014-02-11 Downgrade Wedbush Outperform to Neutral $36.00 to $25.00
2014-02-11 Downgrade Sterne Agee CRT Buy to Neutral $47.00 to $20.00
2014-02-11 Downgrade Needham & Company LLC Buy to Hold $49.00
2013-12-10 Initiated Coverage Citigroup Inc. Neutral $32.00
2013-11-29 Lower Price Target Cowen and Company $45.00 to $43.00
2013-11-27 Lower Price Target Wedbush Outperform $44.00 to $41.00
2013-11-25 Reiterated Needham Buy $47 to $49
2013-11-25 Boost Price Target Needham & Company LLC Buy $47.00 to $49.00
2013-10-11 Boost Price Target Pacific Crest Outperform $40.00 to $52.00
2013-10-10 Upgrade Sterne Agee CRT Neutral to Buy $47.00
2013-09-06 Reiterated UBS Buy $35 to $42
2013-09-06 Reiterated Pacific Crest Outperform $30 to $40
2013-07-12 Initiated Sterne Agee Neutral
2013-05-17 Initiated Needham Buy $26
2013-03-12 Initiated William Blair Outperform
2012-11-29 Reiterated UBS Buy $24 to $25
2012-09-07 Reiterated Deutsche Bank Buy $21 to $24
2016-05-26 Reiterated Rating Cowen and Company Outperform $32.00 to $28.00
2016-05-26 Reiterated Rating Piper Jaffray Buy $26.00 to $24.50
2016-05-26 Reiterated Rating Needham & Company LLC Hold
2016-05-26 Reiterated Rating Piper Jaffray Cos. Buy $26.00 to $24.50
2016-05-16 Downgrade DA Davidson Neutral to Underperform $16.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In BLOX 4 funds of 2184 total. Show all

Fund name Ticker shares
RUSSELL FRANK CO/ 0.25M
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC 100000
Dynamic Technology Lab Pte Ltd 30139
Nair Vinay 12159

Major Shareholders

Name Relationship Total Shares Holding stocks
THOMAS ROBERT D President and CEO 1.61%  (876711) BLOX /
CANESSA REMO Chief Financial Officer 0.55%  (297948) BLOX / HIVE /
ANDERSEN JESPER President and CEO 0.52%  (285001) BLOX /
Freitag Thorsten EVP, Worldwide Field Ops 0.39%  (213715) BLOX /
Moorjani Janesh EVP & CFO 0.28%  (150000) BLOX /
Parekh Sohail M. Exec VP, Engineering 0.22%  (121759) BLOX / MOBL /
Fulton Scott EVP, Product Strategy 0.22%  (117481) BLOX /
Garg Atul R. EVP, Engineering 0.18%  (100000) BLOX /
Andrews Christopher J. EVP, Worldwide Field Ops 0.17%  (94963) BLOX /
Gupta Ashish EVP & Chief Marketing Officer 0.16%  (85000) BLOX /
Overbeek Edzard 0.05%  (29000) BLOX /
Nye Wendell Stephen Exec VP, Product Strategy 0.05%  (28795) BLOX /
GEE DAVID NICHOLAS Executive VP, Marketing 0.05%  (27641) BLOX /
GOGUEN MICHAEL L 0.04%  (23472) BLOX /
Gerson Fred 0.04%  (22500) BLOX /
BELLUZZO RICHARD 0.04%  (22500) BLOX / JDSU / PMCS / QTM /
Conigliaro Laura 0.04%  (22500) BLOX /
Phelps Daniel J 0.03%  (16500) BLOX /
FASANO PHILIP 0.02%  (11000) AIG / BLOX /

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