The iPhone 5 launch on Wednesday, Sept. 12 is sure to be the most important event for tech investors this year. The Motley Fool will be hosting a live chat where our top tech analysts will answer your questions and break down what the announcement means for Apple and tech investors everywhere. Be sure to swing by Fool.com at 12:45 p.m. EDT next Wednesday for all your coverage of Apple's next big announcement.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Infoblox (NYSE: BLOX ) got crushed today, down by 18% at the low, after the company reported earnings and next year's guidance, the latter which fell short of hopes.
So what: Fourth quarter revenue totaled $45.1 million, up 14% from a year ago. Adjusted net income was $0.7 million, or $0.01 per share. Relative to consensus estimates, the top line came out better than expected and the bottom line was right on target.
Now what: CEO Robert Thomas said he was "very pleased" with the results, but clearly investors don't feel the same way as shares sell off. Next year's outlook is likely the culprit for the pessimism. Fiscal 2013 should see sales between $195 million and $202 million, but adjusted earnings are expected to be just $0.04 to $0.07 per share. Analysts were expected next year's adjusted bottom line to come in closer to $0.11 per share.
Interested in more info on Infoblox? Add it to your watchlist by clicking here.