3 Stocks Moving After-Hours: Barracuda, Blackhawk & Fortinet

U.S. stocks tumbled on Tuesday, driven by declining crude oil prices, a rocky start to the corporate earnings season and a rally in the U.S. dollar.

After the market closed, Barracuda Networks Inc CUDA reported Q2 EPS of $0.21 and revenue of $87.9 million beat the Street’s consensus by $0.08 and $2.63 million, respectively. The beat was driven by robust gains in subscription revenue, which rose 19.3 percent year over year, to $66.9 million. Shares gained more than 6.8 percent in after-hours trading.

Blackhawk Network Holdings Inc HAWK climbed about 1 percent after reporting Q3 EPS of $0.14, above estimates of $0.10. On the other hand, adjusted operating sales of $168.9 million fell short of expectations for $189.3 million. For the full year, management said it expects EPS of $1.45-$1.64, pretty much in line with the Street’s consensus of $1.57. Guidance for adjusted operating sales stood at $897 million to $926 million, versus expectations for $936.2 million.

Fortinet Inc FTNT plummeted almost 13.5 percent since the bell rang on the pre-announcement of worse than expected Q3 results. Management cuts its Q3 EPS outlook from $0.17-$0.18 to $0.15-$0.16. The Street was anticipating EPS of $0.18. The sales outlook was also trimmed, from $319-$324 million to $311-$316 million. Analysts envisioned sales of $322.4 million.