In today’s Daily Alert The Oberweis Report Editor Jim Oberweis recommends a new tech stock with strong momentum.
“Infoblox, Inc. (BLOX, NYSE) is a leader in automated network control and provides an appliance-based solution that enables dynamic networks and nextgeneration data centers. Dynamic networks enable on-demand connection and configuration of devices and applications and allow organizations to, among other things, accelerate service delivery and enhance the value of virtualization and cloud computing.
“To create dynamic networks, organizations need automated network control, which allows real-time network discovery and visibility, scalability, device configuration and policy implementation, and thus enables flexibility and improves the reliability of expanding networks.
“The company’s solution allows their end customers to create dynamic networks, address burgeoning growth in the number of network-connected devices and applications, manage complex networks efficiently and capture more fully the value from virtualization and cloud computing.
“The Infoblox solution combines real-time IP address management with the automation of key network control and network change and configuration management processes in purpose-built physical and virtual appliances. It is based on their proprietary software that is highly scalable and automates vital network functions, such as IP address management, device configuration, compliance, network discovery, policy implementation, security and monitoring.
“In addition, this solution leverages their real-time distributed network database to provide ‘always-on’ access to network control data through a scalable, redundant and reliable architecture. In the company’s latest reported third quarter, revenues increased approximately 34% to $58.0 million from $43.4 million in the third quarter of last year. Infoblox reported earnings per share of $0.11 in the latest reported third quarter versus $0.05 in the same quarter of last year. Strong Buy.”
Jim Oberweis, CFA, The Oberweis Report, www.oberweisreport.com, 800-323-6166, July 2013
