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Infoblox (BLOX) Stock Advancing After Q4 Earnings Beat

NEW YORK (TheStreet) -- Shares of Infoblox (BLOX) were rising in mid-afternoon trading on Thursday after the company posted better-than-expected earnings and revenue for the 2016 fiscal fourth quarter.

After yesterday's closing bell, the Santa Clara, CA-based network infrastructure enterprise and service provider posted earnings of 8 cents per diluted share, topping analysts' projections of 6 cents per share.

Revenue for the quarter was $86.3 million, also above analysts' forecasts of $84.5 million.

Infoblox also gave positive guidance for the current...