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NEW YORK (TheStreet) -- Infoblox (BLOX) reported better-than-anticipated results for the 2016 fiscal fourth quarter after Wednesday's market close.

The Santa Clara, CA-based network infrastructure enterprise and service provider reported earnings of 8 cents per diluted share, higher than Wall Street's estimates of 6 cents per share.

Revenue for the period was $86.3 million, also above analysts' projections of $84.5 million.

For the fiscal first quarter, Infoblox sees earnings per share between 9 cents and 11 cents on revenue of $83 million to $87 million. Analysts are looking for earnings of 9 cents per share on revenue of $86.6 million for the current period.

The company expects fiscal 2017 revenue to be between $360 million and $380 million, while analysts are modeling revenue of $369 million.

Earlier today, the stock soared after a report that the company was in talks about selling itself. Infblox has been approached by several private equity firms such as Thoma Bravo, Reuters reported, citing sources.

Shares of Infoblox were dropping 5.11% to $21 in after-hours trading today.

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About 3.67 million of the company's shares changed hands today vs. its average 30-day volume of 499,640 shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.  

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.

But the team also finds weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BLOX

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