On Friday, Shares of Infoblox Inc (NYSE:BLOX), lost -8.00% to $18.28, after the company declared its guidance for the next quarter.
The Santa Clara, Calif.-based company anticipates earnings of 5 cents to 6 cents per share and revenue to range between $86 million and $88 million for the fiscal 2016 first quarter.
Analysts surveyed by Thomson Reuters are forecasting earnings to be higher at 8 cents per share, while revenue is predictable to be lower at $82.18 million.
Additionally, Infoblox posted adjusted earnings of 12 cents per share on $87 million in revenue for the fourth quarter of fiscal 2015.
Analysts had estimated earnings of 10 cents per share on revenue of $80.57 million for the quarter.
The network control company stated adjusted earnings of 38 cents per share on revenue of $306.13 million for the fiscal year.
Analysts were anticipating earnings of 36 cents per share on revenue of $299.61 million for fiscal 2015.
Infoblox Inc. develops, markets, and sells automated network control solutions worldwide. Its appliance-based solution combines real-time IP address administration with the automation of network control, and network change and configuration administration processes in physical and virtual appliances.
Shares of Paypal Holdings Inc (NASDAQ:PYPL), declined -2.89% to $34.29, during its last trading session.
PayPal released a new PayPal Money Habits Study that sheds new light on people’s attitudes and behaviors around money. In a survey of 4,000 consumers in the U.S., Canada, Germany and Australia, the study found that one third of adults in the U.S. have ruined a relationship over IOUs and are owed on average $450. A driving reason is discomfort around financial conversations; more than 50 percent of Americans find it awkward to ask their friends or family to pay them back.
The survey also found digital wallets continue to gain popularity with one third of respondents preferring a digital wallet to a real one. Most people dislike dealing with checks (74 percent), and while cash is still king, mobile payments are on the rise with peer-to-peer (P2P) payments increasingly popular for IOUs.
“As we see money going digital and mobile, people need more flexible ways to manage their money. It’s simple – we all want no-fuss ways to pay and get paid back, and avoid awkward IOU conversations,” said Matt Gromada, Director of Consumer Product Marketing at PayPal. “PayPal pioneered sending money digitally 16 years ago, and we are ongoing to lead the way with our P2P offerings.”
PayPal Holdings, Inc. operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide.
Finally, Ciena Corporation (NYSE:CIEN), ended its last trade with -2.05% loss, and closed at $22.51.
Ciena Corporation, declared unaudited financial results for its fiscal third quarter ended July 31, 2015.
For the fiscal third quarter 2015, Ciena stated revenue of $602.9 million as contrast to $603.6 million for the fiscal third quarter 2014.
On the basis of generally accepted accounting principles (GAAP), Ciena’s net income for the fiscal third quarter 2015 was $23.6 million, or $0.19 per diluted common share, which compares to a GAAP net income of $16.2 million, or $0.15 per diluted common share, for the fiscal third quarter 2014.
Ciena’s adjusted (non-GAAP) net income for the fiscal third quarter 2015 was $50.7 million, or $0.37 per diluted common share, which compares to an adjusted (non-GAAP) net income of $40.9 million, or $0.32 per diluted common share, for the fiscal third quarter 2014.
“We delivered strong financial performance in our fiscal third quarter, counting raised profitability and cash generation, demonstrating our ability to deliver on our business model and drive continued operating leverage,” said Gary B. Smith, president and CEO of Ciena. “Despite short-term revenue headwinds related to the timing of network implementations at certain large service provider customers, fundamental demand drivers for our business remain strong. In fact, we now expect to exceed 10% adjusted operating margin for the full fiscal year.”
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide.
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