Palo Alto Networks (PANW) and FireEye topped the list of security stocks in a survey of resellers and distributors across the U.S. and Europe. Other security companies that did well in a survey of more than three dozen distributors included Barracuda Networks (CUDA) and CyberArk Software (CYBR), Piper Jaffray analyst Andrew Nowinski said in a research report Monday. “We noted the strongest results from Palo Alto Networks and FireEye (FEYE), with
Barracuda Networks (CUDA) late Thursday reported fiscal Q3 earnings and revenue slightly above consensus estimates and gave inline current-quarter sales guidance. Barracuda stock was down 9% in midday trading in the stock market today, but shares of the Campbell, Calif.-based company had shot up more than 55% since Oct. 1 amid a run-up in computer network security stocks. IBD’s Computer-Software Security group ranks No. 1 out of 197 industry
Barracuda Networks late Thursday posted fiscal Q2 earnings and gave a Q3 forecast that topped analyst expectations, but its stock fell Friday. The Campbell, Calif.-based network security company forecast Q3 EPS excluding items of 4 cents to 5 cents and $69 million to $70 million in revenue. Analysts polled by Thomson Reuters had expected 3 cents and $69 million. Barracuda Networks (CUDA) stock, though, was near 26, down 1% in morning trading in