Updated from 4:16 PM EDT.

NEW YORK (TheStreet) -- Shares of Palo Alto Networks (PANW) - Get Report were retreating in after-hours trading on Tuesday after the company posted solid revenue for the 2016 fiscal fourth quarter, but gave a weak outlook for the current period.

After today's market close, the Santa Clara, CA-based cyber-security company said it sees first-quarter earnings per diluted share between 51 cents and 53 cents on revenue of $396 million to $402 million.

Analysts are looking for earnings of 56 cents per share on revenue of $402 million for the current quarter.

For the fourth quarter, Palo Alto said revenue rose 41% to $400.8 million year-over-year. That figure was above analysts' estimates of $389.7 million. Earnings of 50 cents per diluted share matched Wall Street's expectations.

Fourth-quarter billings were $572.4 million compared to $393.6 million during the same quarter last year.

Full-year earnings per diluted share are projected to be between $2.75 and $2.80, while analysts are modeling earnings of $2.64 per share.

The company also announced a $500 million share repurchase program.

About 3.27 million of the company's shares changed hands today vs. its average 30-day volume of 1.29 million shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and generally disappointing historical 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: PANW

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