NEW YORK (TheStreet) -- Infoblox (BLOX) is seeing slight respite from the week's losses. On Monday, the network services provider cut 2014 guidance, causing several analysts to downgrade the stock shortly after.
By late morning, shares have added 5.7% to $18.17. Since Monday, the stock is down 45.8%.
Recently, Needham & Company downgraded the stock to "hold" from "buy," while Sterne Agee cut it to "neutral" with a $20 price target. At Wedbush Securities, shares were downgraded to "neutral" from "outperform" with a $25 price target.
Infoblox warned that revenue for the full year ending July would miss guidance of $270 million to $276 million. Management now expects sales between $250 million to $254 million. Full-year earnings of 30 cents to 34 cents a share is lower than 52 cents a share analysts surveyed by Thomson Reuters had forecast.BLOX data by YCharts
TheStreet Ratings team rates INFOBLOX INC as a Sell with a ratings score of D+. The team has this to say about their recommendation:
"We rate INFOBLOX INC (BLOX) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time."
Highlights from the analysis by TheStreet Ratings Team goes as follows: