Faruqi & Faruqi, LLP is Investigating Infoblox Inc. (BLOX) on Behalf of its Shareholders

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Oct 27, 2014, 07:00 ET

NEW YORK, Oct. 27, 2014 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential wrongdoing at Infoblox Inc. ("Infoblox" or the "Company") (NYSE: BLOX).

The investigation focuses on whether the Company and its officers breached their fiduciary duties by causing or allowing Infoblox to engage in improper accounting and revenue recognition. The investigation seeks to determine whether (1) the Company, unknown to investors, employed heavy discounting to retain its market share; and (2) Infoblox was not closing on larger deals that were expected to contribute significantly to revenue growth.

On May 29, 2014, Infoblox revealed a net loss of $7.4 million for the third quarter of fiscal 2014. That same day, Infoblox announced that Robert D. Thomas was stepping down as the Company's president and chief executive officer. Following this news, the price of Infoblox shares plummeted by $7.56 per share, or nearly 37%, to close on May 30, 2014, at $12.96 per share.

Request more information now by clicking here: www.faruqilaw.com/BLOX. There is no cost or obligation to you.

Take Action

If you currently own Infoblox stock and have continuously owned Infoblox stock since at least September 5, 2013, and would like to discuss your legal rights, please visit www.faruqilaw.com/BLOX. You can also contact us by calling Stuart Guber toll free at (215) 277-5770 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Infoblox's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

FARUQI & FARUQI, LLP
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Attn: Stuart Guber
[email protected]
Telephone: (215) 277-5770

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