Barracuda Networks Inc. (CUDA) reported first quarter adjusted EPS of $0.09 after the close Thursday, compared to $0.07 a year ago. Total revenue rose 18% to $77.97 million from $66.21 million a year earlier. The consensus estimates were for EPS of $0.08 and revenues of $77.25 million. The stock is now down 6.52 on 290K shares.
Barracuda Networks gapped up at the open Thursday, but traded in a range for the majority of the session. The stock finished up by 0.41 at $39.12 on above average volume.
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