Theda sells CUDA 17.94: Barracuda and Intronis share a commitment to simplicity, customer experience, and the channel.

The transaction is expected to close in Barracuda's fiscal third quarter. This acquisition is expected to greatly expand Barracuda's channel reach with the addition of nearly 2,000 MSPs and a purpose-built platform designed to streamline how MSPs service the data protection needs of their customers. Specifically, 72% of respondents use an MSP for backup/disaster recovery initiatives, while 68% rely on their MSP for their security initiatives. Terms of the deal, expected to close in the fiscal third quarter, were not disclosed. In a separate statement, Barracuda said it has agreed to buy privately held Intronis, Inc., a data-protection company.


Alba:
Adjusted for one-time items, the company earned $5.6 million, or 10 cents a share, compared to 8 cents a share a year ago.

Chae:
Barracuda lost $2.2 million, or 4 cents a share, in the quarter, reversing a gain of 1 cent a share a year ago.

Adeline:
The Campbell, Calif., company said its revenue rose 14% to $78.4 million in the fiscal second quarter, up from $68.7 million a year ago.

Mickie:
VA.- Defense attorneys for a Bedford man convicted in a federal drug case are seeking his acquittal.

Roxann:
The Sheriff's Office says Deputy Truman Moore was trying to serve a protective order at a home in the 2000 block of Rocksprings Road at 1:30 a.m.

Sharita:
Roanoke County Police are working to determine the identity of a body pulled from the Roanoke River on Saturday.

Jessica:
Equities analysts predict that Barracuda Networks will post $0.40 EPS for the current year.

Rubye:
During the same quarter in the previous year, the business earned $0.07 EPS.

Zulema:
One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company.

Enriqueta:
Finally, DA Davidson lowered their price target on Barracuda Networks from $39.00 to $30.00 and set a neutral rating for the company in a report on Monday, August 17th.

Barracuda Networks Inc. (NYSE:CUDA)
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