Barracuda Reports Third Quarter Fiscal 2016 Results

Imperial Capital Downgrades Barracuda Networks (CUDA) to In-Line

Imperial Capital downgraded Barracuda Networks (NYSE: CUDA) from Outperform to In-Line with a price target of $12.00 (from $25.00).

Analyst Michael Kim commented, "We are downgrading our rating to In-Line from Outperform rating on CUDA shares and lowering our one-year price target to $12 from $25. Our... More

JMP Securities Downgrades Barracuda Networks (CUDA) to Market Perform

JMP Securities downgraded Barracuda Networks (NYSE: CUDA) from Market Outperform to Market Perform and removed its price target (prior $23.00).

For an analyst ratings summary and ratings history on Barracuda Networks click here. For more ratings news on Barracuda Networks click here.

Shares of Barracuda Networks closed at $16.43 yesterday.

Morgan Stanley Downgrades Barracuda Networks (CUDA) to Equalweight

Morgan Stanley downgraded Barracuda Networks (NYSE: CUDA) from Overweight to Equalweight with a price target of $15.00 (from $32.00).

For an analyst ratings summary and ratings history on Barracuda Networks click here. For more ratings news on Barracuda Networks click here.

Shares of Barracuda Networks closed at $16.43 yesterday.

Barracuda (CUDA) Numbers Cut at Piper Following Another Bookings Miss

Piper Jaffray analyst, Andrew Nowinski, cut estimates and his price target on Barracuda Networks (NYSE: CUDA) as billings missed for the third consecutive quarter. Management blamed the miss on a quicker-than-expected shift to the public cloud. No change to Neutral rating.

Barracuda reported revenue of $80.1M (cons $80.3M) and EPS of $0.07 (cons... More

BTIG Downgrades Barracuda Networks (CUDA) to Neutral

BTIG downgraded Barracuda Networks (NYSE: CUDA) from Buy to Neutral following disappointed Q3 results.

Analyst Joel P. Fishbein, Jr said, "CUDA delivered a third straight disappointing quarter as billings fell short of... More

Pacific Crest Downgrades Barracuda Networks (CUDA) to Sector Weight

Pacific Crest downgraded Barracuda Networks (NYSE: CUDA) from Overweight to Sector Weight. The change follows disappointed Q3 results.

"Billings disappointed for the third consecutive quarter, as CUDA is still seeing a strong shift in customer demand to its virtualized offerings from appliance-based. As we... More

William Blair Downgrades Barracuda Networks (CUDA) to Market Perform

William Blair downgraded Barracuda Networks (NYSE: CUDA) from Outperform to Market Perform following weak results.

Analyst Jason Ader commented, "We are downgrading shares of Barracuda Networks following a third consecutive disappointing quarter stemming from increasingly apparent structural challenges related to the cloud.... More

Barracuda Networks (CUDA) Misses Q3 EPS by 1c

Barracuda Networks (NYSE: CUDA) reported Q3 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $80.1 million versus the consensus estimate of $80.29 million.

For earnings history and earnings-related data on Barracuda Networks (CUDA) click here.