Barracuda Networks, IncNYSE
Wed, Nov. 9, 3:03 PM
- With a Trump agenda calling for "an immediate review of all U.S. cyber defenses and vulnerabilities" among other items to be addressed, the sector has seemingly responded positively on the near-term. Exact methods or execution revolving around the position, however, of course remains awaited.
- Sector price movements – FireEye (FEYE +0.5%), Palo Alto Networks (PANW +3%), Fortinet (FTNT +1%), CyberArk Software (CYBR +3.5%), Check Point Software Technologies (CHKP +1.7%), Proofpoint (PFPT +2.3%), Imperva (IMPV +0.8%), Symantec (SYMC +0.6%), Barracuda Networks (CUDA +2.2%), VASCO Data Security International (VDSI +3.7%), Akamai Technologies (AKAM +0.3%), Limelight Networks (LLNW +2.2%), Level 3 Communications (LVLT +1.9%)
- Related – (NYSEARCA:HACK)
Fri, Oct. 21, 1:50 PM
- See: Internet attack takes many sites offline for hours
- Up today – FireEye (FEYE +1.9%), Palo Alto Networks (PANW +0.6%), Fortinet (FTNT +1.5%), Cyberark Software (CYBR +3.9%), Check Point Software Technologies (CHKP +0.8%), Proofpoint (PFPT +10.5%) [see earnings]
- Despite these gains, on the last-month term FireEye's lower by 9%, Palo Alto Networks' unmoved, Fortinet's down 11%, Cyberark Software's down 6%, Check Point Software Technologies' up 2% and Proofpoint's up 1.7%. Names down today in the space include Imperva (IMPV -2.6%), Symantec (SYMC -0.3%) and Barracuda Networks (CUDA), respectively lower by 12%, 4% and 1% on the month.
- CDN providers – Akamai Technologies (AKAM +1.5%), Limelight Networks (LLNW -0.5%), Level 3 Communications (LVLT -0.6%)
- Related – (NYSEARCA:HACK)
Wed, Oct. 12, 3:01 PM
Wed, Oct. 12, 12:43 PM
Wed, Oct. 12, 9:15 AM
Tue, Oct. 11, 5:35 PM
Tue, Oct. 11, 4:16 PM
- Barracuda Networks (CUDA -3.1%) is up 6.3% after hours following a fiscal Q2 earnings report where it easily beat profit expectations with the help of strong gains in subscription revenue.
- The company swung to a gain on a GAAP basis -- to $0.05/share from a year-ago loss of $0.04 -- and adjusted EPS more than doubled to $0.21.
- Gross billings ran to $100.3M vs. a year-ago $98.4M. Active subscribers rose 14% to more than 298,000, and dollar-based renewal rate was 96%.
- Revenue breakout: Appliance, $21M (down 5.6%); Subscription, $66.9M (up 19.3%).
- Conference call to come at 4:30 p.m. ET.
- Press Release
Tue, Oct. 11, 4:03 PM
Mon, Oct. 10, 5:35 PM
Wed, Oct. 5, 2:54 PM
- Looking ahead to Barracuda Networks' (CUDA +1%) Q2 earnings, coming after next Tuesday's close, D.A. Davidson is on the bullish side of EPS consensus but reiterates an Underperform rating overall.
- Given tough competition from bigger cloud competitors (and an industry transition to cloud and virtual form factors from on-premise equipment), uptake from Barracuda's cloud-based solutions will "likely present a headwind to overall growth for some time," says analyst Mark Kelleher.
- He applies a P/E multiple of 22 to fiscal 2018 EPS to arrive at a 12-month target price of $19.50, implying more than 21% downside.
- Kelleher does expect the company to post EPS of $0.14 (vs. consensus of $0.13 and company guidance for $0.12-$0.13), and $85M in revenue (vs. $85.3M consensus).
- His keys to watch: sales/marketing as a percentage of revenue (dropped Y/Y from 42% to 33% in Q1), where he's expecting a sequential rise, and gross billings (the company guided to $96M-$99M, a 1% drop at the midpoint).
Thu, Sep. 22, 2:59 PM
- Yahoo has confirmed a breach affecting at least 500M of its users and SecureWorks (SCWX +6.9%) FireEye (FEYE +5.1%), Barracuda Networks (CUDA +2.9%), Palo Alto Networks (PANW +1.8%), Fortinet (FTNT +1.4%), Imperva (IMPV +1.2%), CyberArk Software (CYBR +1%) and others are benefitting because of it.
- The impact of the development on Yahoo has so far been minimal, with shares presently trading up 0.6% on the day.
Fri, Jul. 8, 3:00 PM
Fri, Jul. 8, 12:45 PM
Fri, Jul. 8, 9:15 AM
Thu, Jul. 7, 5:02 PM
- Barracuda Networks (NYSE:CUDA) has vaulted 13.5% after hours in the wake of a Q1 earnings report where it swung to a gain on a GAAP basis and beat on top and bottom lines.
- Non-GAAP earnings more than doubled Y/Y. Performance was "driven by execution on our strategy, which includes focusing our efforts to be the leader in security and data protection for our customers and expanding our routes to market, specifically in the MSP and public cloud channels," said CEO BJ Jenkins.
- Gross billings came to $98.2M vs. a year-ago $94.3M. Active subscribers came to 286,000 (up 14%); dollar-based renewal rate was 93%.
- Revenue breakout: Appliance, $21.3M (down 9.9%); Subscription, $65.3M (up 20.3%).
- The company says David Faugno will step down from the chief financial officer role Aug. 1, with Dustin Driggs (chief accounting officer and controller) replacing him as CFO.
- Press Release
Thu, Jul. 7, 4:11 PM