Barracuda Networks To Close At All Time Low Closing Price

by Hal Lindon, Benzinga Editor
September 30, 2015 3:59 PM | 19 seconds read | Make a Comment
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  • Street not satisfied with Q2 beat for EPS ($0.10 vs. Est $0.09) but a slight miss for revenues ($78.4M vs. Est $78.69M).
  • Downgraded by Piper Jaffray and price target reduction at Stifel from $36 to $32.
  • Defended by Morgan Stanley.
  • After a sharply lower open. rallied to $16.75 before plummeting to $14.77.
  • Poised to settle below mid-range ($15,75)
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