Barracuda Networks Inc (CUDA) Releases Earnings Results, Beats Expectations By $0.07 EPS

Barracuda Networks Inc (CUDA) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.08. The company posted revenue of $83.70 million in the period, compared to analysts expectations of $80.87 million. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Barracuda Networks Inc opened for trading at $15.58 and hit $15.94 on the upside on Friday, eventually ending the session at $15.79, with a gain of 0.96% or 0.15 points. The heightened volatility saw the trading volume jump to 6,93,460 shares. Company has a market cap of $838 M.

In a different news, on Mar 16, 2016, David Faugno (Chief Financial Officer) sold 2,200 shares at $30.09 per share price. According to the SEC, on Mar 10, 2016, Zachary S Levow (director) sold 3,802 shares at $42.95 per share price. On Jan 5, 2016, Michael D Hughes (SVP, Worldwide Sales) sold 2,300 shares at $18.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Barracuda Networks Inc. (Barracuda Networks) designs and delivers security and storage solutions. The Company offers cloud-connected solutions for its customers to address security threats improve network performance and protect and store their data. The Company’s security and storage solutions are connected to its cloud services which enable continuous software updates offsite redundancy and distributed capacity and are offered on a subscription basis. Its solutions are delivered as cloud-connected appliances and virtual appliances as well as cloud-only solutions. Its cloud-only solutions are designed for customers who cannot or do not wish to deploy additional on-premises infrastructure. The Company’s appliances and virtual appliances leverage its cloud services to deliver hybrid cloud-connected solutions to its customers. Its security offerings include e-mail security Web security next-generation firewall application security and integrated network security among others.

Barracuda Networks Inc

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