Imperial Capital Cut Price Target on Barracuda Networks, Inc. (CUDA) Following F1Q16 Beat

Pacific Crest Sees Opportunity in Barracuda Networks (CUDA) Following Q1 Billings 'Miss'

July 10, 2015 11:19 AM EDT

Pacific 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

Pre-Open Stock Movers 07/10: (ICLD) (CVC) (SYT) Higher; (CUDA) (HELE) (DOV) Lower (more...)

July 10, 2015 9:25 AM EDT

Barracuda Networks (NYSE: CUDA) 17% LOWER; 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 in the first quarter of fiscal 2015.

InterCloud Systems (NASDAQ:... More

Wall St. higher on hopes of Greek debt deal

July 10, 2015 7:23 AM EDT

(updated at 11:04AM)

By Tanya Agrawal

(Reuters) - U.S. stocks rose on Friday on hopes that Greece will be able secure fresh funding to avert bankruptcy and allow it to remain in the euro zone.

All three major indexes were up more than 1 percent in morning trading, with the Dow Jones industrial average and S&P 500 in positive territory for the month.

Greece has made substantial concessions in its latest proposal to lenders, including tax hikes, in hopes of receiving $59 billion to help it cover debts until 2018.

Euro zone finance... More

Summit Research Cuts Price Target on Barracuda Networks, Inc. (CUDA) Following F1Q16 Results

July 10, 2015 7:12 AM EDT

Summit 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

After-Hours Stock Movers 07/09 (GCI) (CY) (LNKD) Higher; (CUDA) (HELE) (DOV) Lower (more...)

July 9, 2015 6:18 PM EDT

Barracuda Networks (NYSE: CUDA) 17% LOWER; 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 in the first quarter of fiscal 2015.

Gannett (NYSE: GCI) 7.8% HIGHER; Gains on Carl Icahn 6.5% stake disclosure. SI NOTE: The stake in not new and related to the spin-off.

Helen Of Troy (NASDAQ:... More

Barracuda Networks (CUDA) Tops Q1 EPS by 1c

July 9, 2015 4:10 PM EDT

Barracuda 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

Trading Radar for 7/9: Pepsi (PEP), Walgreen Boots Alliance (WBA), PriceSmart (PSMT), Barracuda Networks (CUDA) Report

July 8, 2015 2:36 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Initial Claims - Street sees 276kContinuing Claims - Street sees 2.230M

Earnings:

Emmis Communications (Nasdaq:... More