SAN DIEGO, June 23, 2014 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of Infoblox Inc (BLOX) common stock over alleged violations of Federal Securities Laws by Infoblox Inc in connection with certain allegedly false and misleading statements made between September 5, 2013 and May 29, 2014.
If you purchased shares of Infoblox Inc (BLOX), you have certain options and for certain investors are short and strict deadlines running. Infoblox investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff claims that defendants allegedly misrepresented and/or failed to disclose material adverse facts about Infoblox Inc's business, operations and prospects, including that Infoblox Inc was discounting heavily to attract business, and Infoblox Inc's revenue projections were overstated and that as a result, defendants' statements between September 5, 2013 and May 29, 2014 about the Company's business, operations and prospects were false and misleading and/or lacked a reasonable basis.
On February 10, 2014, Infoblox Inc announced its preliminary fiscal second quarter 2014 results and revised its guidances for the 2014 fiscal second quarter and the fiscal year ending July 31, 2014. Shares of Infoblox Inc (BLOX) declined from $38.56 per share in January 2014 to $17.19 per share on February 11, 2014.
On May 29, 2014, Infoblox Inc reported its third quarter Fiscal 2014 results. Infoblox Inc reported non-GAAP net income of $3.8 million, or $0.07 diluted net income per share on a non-GAAP weighted-average share basis, compared with non-GAAP net income of $6.0 million, or $0.11 diluted net income per share, for the prior-year period. Infoblox Inc also announced on May 29, 2014 that its President and CEO was stepping down. Shares of Infoblox Inc (BLOX) dropped from $20.52 per share on May 29, 2014, to $12.01 per share during May 30, 2014.
The plaintiff seeks to recover damages on behalf of all purchasers of Infoblox Inc (BLOX) common shares between September 5, 2013 and May 29, 2014.
Those who purchased shares of Infoblox Inc (BLOX) have certain options and should contact the Shareholders Foundation, Inc. by e-mail at firstname.lastname@example.org or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc.Trevor Allen
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
Source: Shareholders Foundation, Inc.