Long Position on BLOX @ $23.65 on 3/17/2015 (Momentum)

Bullish Flag on BLOXInfoblox Inc. (BLOX) 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. The company offers Trinzic DDI, an appliance designed to ensure the continuous operation of network control; Network Insight that provides automated discovery, and switch port inventory and control; IPAM for Microsoft, a Web-based management interface for the centralized management of DNS, DHCP, and multiple IP address pools; and Trinzic Reporting that automates time-consuming manual tasks associated with collecting, tabulating, and correlating data through single point of control. It also offers Load Balancer Manager to automatically discover and manage load balancers; Advanced DNS Protection, an appliance designed to protect the customer network from cyber-attacks by using threat intelligence; and DNS Firewall that helps organizations protect against malware and APTs.

In addition, the company provides NetMRI, which automates network change and configuration management processes; Automation Change Manager that automates network configuration functions for end customers to make network changes without manual intervention and in real-time; and Security Device Controller that enables access policy management, and automates provisioning of ACLs and rules for network firewalls and security devices. Additionally, it offers maintenance and support, consulting, and training services. It serves financial services, government, healthcare, manufacturing, retail, technology, and telecommunications industries.

Infoblox Inc. sells its solution through distributors, integrators, managed service providers, and value-added resellers, as well as a field sales force. Shares have formed a bullish "flag" following the company's strong quarterly report. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $11.67 - $25.00

Entry Point: $23.65

Stop Loss: $22.42

Target Price: $26.00

Updates

4/20/2015 10:56:36 AM

We are closing BLOX at $23.87 after its 30 days expired.

Position closed on 4/20/2015 at price of $23.87 with a 0.93% gain in 34 days.

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