Barracuda Networks stock fell Friday as its guidance for the current only slightly edged analyst forecasts, though fiscal Q1 earnings released late Thursday beat expectations. Barracuda Networks (CUDA) stock was down more than 1% in midday trading in the stock market today, near 33.50. Still, the stock is up more than 85% since Barracuda made its IPO at 18 in early November. Shares touched their all-time high of 44 on March 6. For the August
Barracuda Networks (CUDA) stock fell Friday, though the recent IPO late Thursday reported fiscal Q3 earnings, and gave guidance, that beat Wall Street expectations. “I think it’s just a cooling off following the doubling of the stock since the IPO,” Jason Ader, an analyst for William Blair & Co., told IBD via email. “Very high expectations; nothing negative from the call that I saw.” Still, Barracuda stock was down 8% in early afternoon trading in
Recent IPO Barracuda Networks (CUDA) saw its stock rise Monday after it got an outperform, or buy, rating from Pacific Crest Securities, which initiated coverage on the provider of network security and storage products. Barracuda stock was up 5%, near 22, in midday trading in the stock market today. For the six months ended Aug. 31, Barracuda reported revenue of $78.6 million, up 17% from the year-earlier period. It reported a loss of $4.6 million