Law Offices of Howard G. Smith announces an investigation on behalf of investors of Barracuda Networks, Inc. ("Barracuda" or the "Company") (NYSE:CUDA) concerning the Company’s and its officers’ alleged violations of federal securities laws through misleading investors regarding its operations and financial performance. Investors that have suffered a loss of over $50,000 on their Barracuda securities holdings are encouraged to contact Howard G. Smith, Esq. to discuss their legal rights.
On September 30, 2015, the Company’s shares plunged over 34%, the biggest one-day decline since the Company’s initial public offering in November 2013. The Company disclosed to investors that second-quarter revenue was $78.4 million, while analysts had projected $78.7 million. The Company also said it sees, “some evidence that growth in the overall storage market has slowed.”
If you purchased Barracuda securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151001006995/en/
Contacts:
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
