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Fly News Breaks for July 10, 2015
CUDA
Jul 10, 2015 | 05:38 EDT
Summit Research analyst Srini Nandury says Barracuda Networks' fundamentals are intact after the company weaker than expected billings in Q1 and guided below consensus. Most of the issues surrounding the miss are one-time in nature, Nandury tells investors. He cut his price target for shares to $45 from $50 but reiterates a Buy rating on Barracuda.
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