Seeking Alpha

Barracuda slumps 11% AH on beat, disappointing guidance

  • Barracuda (CUDA) shares slump 11% AH following a beat in the high-flying IPO's first reported quarter as a public company.
  • Investors, who had sent share soaring 103% from Nov. lows, were left wanting more from the company's guidance.
  • Gross billings in the quarter grew 19.1% Y/Y to $77.5M, outpacing revenue growth of 15% Y/Y.
  • EBITDA grew 21% Y/Y to $13M.
  • As to the Cisco effect, Barracuda management, when prompted on the CC, noted that it does not have substantial exposure to emerging markets.
  • PR, supplemental presentation
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