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Barracuda Networks (CUDA) stock hit a record low Wednesday after the cybersecurity firm, facing strong European headwinds, lowered its billings outlook for the year. For its fiscal Q2 ended Aug. 31, Barracuda late Tuesday posted $78.4 million in revenue and 10 cents in earnings per share ex items, largely in line with the Wall Street consensus forecast. But the company’s $98.4 million in gross billings missed the consensus, which modeled $102.5 Scalper1 News
Scalper1 News