Barracuda Networks Expands Targets, Rated Outperform

By | December 2, 2013

Scalper1 News

Recent IPO Barracuda Networks (CUDA) saw its stock rise Monday after it got an outperform, or buy, rating from Pacific Crest Securities, which initiated coverage on the provider of network security and storage products. Barracuda stock was up 5%, near 22, in midday trading in the stock market today. For the six months ended Aug. 31, Barracuda reported revenue of $78.6 million, up 17% from the year-earlier period. It reported a loss of $4.6 million Scalper1 News

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