Infoblox Inc (BLOX): Today's Featured Diversified Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Infoblox ( BLOX) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Infoblox fell $0.47 (-2.4%) to $18.94 on average volume. Throughout the day, 1,705,821 shares of Infoblox exchanged hands as compared to its average daily volume of 1,805,100 shares. The stock ranged in price between $18.88-$19.56 after having opened the day at $19.45 as compared to the previous trading day's close of $19.41. Other companies within the Diversified Services industry that declined today were: MGT Capital Investments ( MGT), down 9.8%, Genetic Technologies ( GENE), down 8.4%, Daegis ( DAEG), down 7.6% and Kelly Services ( KELYB), down 7.6%.

Infoblox Inc. 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. Infoblox has a market cap of $1.0 billion and is part of the services sector. Shares are down 41.2% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Infoblox a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Infoblox as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time.

On the positive front, Myriad Genetics ( MYGN), up 11.4%, Compx International ( CIX), up 11.2%, Lionbridge Technologies ( LIOX), up 9.3% and Corporate Resource Services ( CRRS), up 8.6% , were all gainers within the diversified services industry with United Rentals ( URI) being today's featured diversified services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Outsiders Led the Buyouts of Tech 'Unicorns' in 2016

F5 Networks May Catch Activist Investor Attention Amid Sector Consolidation

Infoblox (BLOX) Stock Upgraded at Deutsche Bank

These 7 Stocks Are Trading on Big Volume -- Here's What to Do With Them Now

F5 Networks in Focus as Next Activist Target After Infoblox Deal