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Infoblox (NYSE:BLOX) has been downgraded from Buy to Neutral in a statement by Guggenheim earlier today.

Guggenheim has downgraded Infoblox(NYSE:BLOX) from Buy to Neutral in a report released on 9/20/2016.

Only yesterday Infoblox (NYSE:BLOX) traded 15.18% higher at $26.35. BLOX’s 50-day moving average is $20.16 and its two hundred day moving average is $18.04. With the last close up 45.79% relative to the 200-day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 20,798,470 shares of Infoblox traded hands, up from ann average trading volume of 676,632.

Recent Performance Graph:

Infoblox (NYSE:BLOX)

With a total market value of $0.0, Infoblox has a 52 week low of $13.22 and a 52 week high of $26.35 with a PE ratio of 0.

Also covering Infoblox’s target price, a total of 8 brokers have released a ratings update on BLOX. The consensus target stock price is $20.25 with four firms rating the stock a strong buy, four analysts rating the company a buy, three firms rating the stock a hold, one analyst rating the stock to underperform, and finally 0 analystsrating the stock as sell.

More About Infoblox (NYSE:BLOX)

Infoblox Inc. provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The Company provides network control, network automation and domain name system (DNS) security though appliance-based solutions. The Company’s solutions combine real-time Internet protocol address management (IPAM), automation of network control, change and configuration management processes and DNS-based infrastructure security in purpose-built physical and virtual appliances. The Company’s functions include delivering critical network protocol services, such as dynamic host configuration protocol (DHCP), network change and configuration management, and network infrastructure security. The Company offers four product families: Core Network Services, Infrastructure Security, Cloud Network Automation, and and Network Change and Configuration Management.

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