Tag Archives: cuda

Barracuda Billings Miss ‘Temporary,’ But Stock Sinks

Barracuda Networks (CUDA) got several price target cuts Friday and shares plummeted after the company reported weak fiscal Q1 billings late Thursday and issued weak revenue guidance. Summit Research Partners analyst Srini Nandury maintained a buy rating on Barracuda stock, but reduced his price target to 45 from 50. “We believe Barracuda’s fundamental business is still intact with a loyal customer base (92.5% renewal rates in fiscal Q1 ended May

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

Barracuda Networks Fiscal Q4 Barely Edges Estimates

Barracuda Networks (CUDA) failed to impress investors in the hot security sector late Monday, posting fiscal Q4 earnings that just barely edged Wall Street views on the top and bottom lines. Barracuda stock was down 1% in after-hours trading Monday, after the company released its results for its Q4 2015 ended Feb. 28. Shares fell nearly 6% in Monday’s regular session, their biggest one-day drop since Jan. 15, to 43.43. Barracuda, which went public