Why UTi Worldwide Inc. (UTIW) And Infoblox Inc. (BLOX) Were Among The Morning’s Big Losers

Let’s move on to Infoblox Inc. (NYSE:BLOX), which provides secure DNS and cloud services, among other enterprise solutions. Shares of the California company are down today after it announced weak guidance for the current quarter, which is its fiscal first quarter of 2016, following the close of the markets yesterday. Infoblox provided a guidance range of $0.05 to $0.06 for earnings per share, on revenue of between $86 million and $88 million for the quarter. Consensus estimates had pegged EPS at $0.08 on revenue of $82.18 million. For its fiscal fourth quarter of 2015, the results of which were also announced yesterday, Infoblox delivered EPS of $0.12 on revenue of $87 million.

Infoblox Inc. (NYSE:BLOX) is one of the top stock picks of tech investor Eric Bannasch, whose hedge fund Cadian Capital upped its stake in the company to 5.27 million shares last month, giving it a 9.2% ownership stake in the company. Malcolm Fairbairn’s Ascend Capital held an even 1.0 million shares on June 30. All told, there were 29 firms in our database that held positions in Infoblox on June 30, up from 28 on March 31, while their aggregate holdings also increased in value by more than 7% to over $282 million. Shares of Infoblox did rise by slightly over 10% during the second quarter, so there was some limited selling of shares by the funds we track. Shares are now down by over 31% in the third quarter.

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