Piper Jaffray Raises Price Target on Barracuda Networks (CUDA) Following Strong 1Q Results

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Barracuda Reports First Quarter Fiscal 2017 Results

July 7, 2016 4:10 PM EDT

CAMPBELL, Calif., July 7, 2016 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-enabled security and data protection solutions, today announced results for its first quarter fiscal 2017 that ended May 31, 2016.

"We delivered strong results in the quarter and exceeded guidance on revenue, billings and earnings per share. We grew revenue 11% year-over-year and more than doubled our non-GAAP earnings when... More