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Infoblox estimates weak second-quarter, shares fall

11
Feb
2014

(Reuters) – Network equipment maker Infoblox Inc estimated second-quarter revenue below analysts’ average forecast, citing disappointing business with the U.S. government and fewer $1 million-plus transactions. The company’s shares fell 29 percent to $23.42 in extended trading. “While sales through the first two months of the quarter met our internal expectations, we experienced a much weaker January than expected,” Infoblox Chief Executive Robert Thomas said in a statement. …

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