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Fly News Breaks for September 30, 2015
CUDA
Sep 30, 2015 | 06:32 EDT
Macquarie downgraded Barracuda to Neutral and lowered its price target to $20 from $40 on shares. Analyst Mike Cikos said Barracuda reported another billings miss and its narrative has shifted to an extended sales cycles and weaker demand, resulting in the company reduced full-yer billings and revenue guidance.
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