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Fly News Breaks for July 10, 2015
CUDA
Jul 10, 2015 | 08:09 EDT
After Barracuda reported slightly better than expected Q1 EPS and revenue but significantly lower than expected billings, JMP Securities blamed the billings miss partly on a significant decline in contract duration. The firm does not believe the miss indicates that the company's momentum has stalled, and JMP Securities expects the company's growth in 2H15 to be strong. The firm keeps a $46 price target and Outperform rating on the stock.
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