Barracuda Reports First Quarter Fiscal 2016 Results
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Imperial Capital Cut Price Target on Barracuda Networks, Inc. (CUDA) Following F1Q16 Beat
July 10, 2015 11:55 AM EDTImperial Capital reiterates an Outperform rating on Barracuda Networks (NYSE: CUDA), and cut the price target to $47.00 (from $52.00), based on comparative valuation following F1Q16. CUDA reported F1Q16 revenue of $78.0mn, exceeding Street estimates of $77.2mn. Adjusted EPS of $0.09 beat Streets $0.08 estimate.... More
Pacific Crest Sees Opportunity in Barracuda Networks (CUDA) Following Q1 Billings 'Miss'
July 10, 2015 11:19 AM EDTPacific Crest maintained an Overweight rating on Barracuda Networks (NYSE: CUDA) with a price target of $49. Comments follow Q1 results and a billings 'miss' that sent shares lower by 20%. Analyst Rob Owens sees opportunity in the decline.
"We are opportunistic buyers of CUDA," said Owens. "While revenue of $78 million was in line with our estimate, gross billings of $94 million missed our estimate... More
Summit Research Cuts Price Target on Barracuda Networks, Inc. (CUDA) Following F1Q16 Results
July 10, 2015 7:12 AM EDTSummit Research maintains a Buy rating on Barracuda Networks (NYSE: CUDA), and cut the price target to $45.00 (from $50.00), following F1Q16 results. CUDA reported revenue of $78.0mln versus consensus of $77.2mln. EPS was $0.09, compared to $0.08 consensus. Barracuda guided F2Q16... More
Barracuda Networks (CUDA) Tops Q1 EPS by 1c
July 9, 2015 4:10 PM EDTBarracuda Networks (NYSE: CUDA) reported Q1 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $78 million versus the consensus estimate of $77.25 million.
For the first quarter of fiscal 2016, gross billings grew to $94.3 million, up from $87.6 million... More
