Fortinet, Barracuda join peers in selling off due to Imperva's warning


Fortinet (FTNT) is down 1.3%, and Barracuda Networks (CUDA) is down 2.4%, after Imperva issued an ugly Q1 warning blamed on lengthy sales cycles (particularly in the U.S.). FireEye, Palo Alto Networks, and KEYW Holding are also off.

Barracuda competes with Imperva (as well as F5) in the Web application firewall market. Fortinet's Q1 report arrives on April 23.

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Comments (4)
  • ksteiner
    , contributor
    Comments (30) | Send Message
     
    Peabrains: Ever consider they're taking business from Imperva
    9 Apr 2014, 05:17 PM Reply Like
  • zompking
    , contributor
    Comments (11) | Send Message
     
    margin compression across the sector
    9 Apr 2014, 06:15 PM Reply Like
  • wil3714
    , contributor
    Comments (2334) | Send Message
     
    Network AOs coming report later this month will tell all
    9 Apr 2014, 06:40 PM Reply Like
  • Hendershott
    , contributor
    Comments (1784) | Send Message
     
    Lengthy sales cycles. Everyone is already loaded with security software, now about 11% of IT budgets. Time to find out what works and what doesn't.
    9 Apr 2014, 10:43 PM Reply Like
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