Tag Archives: bad-request

Barracuda Q1 Earnings Top, But Q2 Sales Outlook Light

Barracuda Networks (CUDA) reported fiscal Q1 earnings late Thursday that edged Wall Street expectations, with its number of subscribers rising 18% to 252,000. The Campbell, Calif.-based company, however, missed with its Q2 sales outlook. It expects revenue of $78 million to $79 million, up 14% at the midpoint. Analysts polled by Thomson Reuters expected $80.4 million. Its EPS ex items guidance of about 9 cents was in line. In addition, Barracuda

Microsoft slashing phone unit is ‘postponing the inevitable’

M icrosoft’s latest round of layoffs and its massive write-off of the Nokia handset acquisition were seen as good [news by Wall Street analysts and investors on Thursday. Microsoft (MSFT) stock rose a fraction to 44.52 on the stock market today. But the Redmond, Wash.-based software leader still faces challenges in the phone business as well as from the sluggish personal computer market and its transition to a cloud computing business model.

Baidu-Owned IQiyi Adds Videos, Boosts Subscriber Growth

Chinese search leader Baidu says that its iQiyi subsidiary — already one of China’s largest online video streaming services — is looking to become a bigger force in the country’s video-streaming and moviemaking fields. IQiyi launched a film production division, iQiyi Pictures, in 2014 as it pushed into the business of making movies for China and Hollywood. IQiyi Pictures is working with other companies to produce local movies and Hollywood films,