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Fly News Breaks for September 30, 2015
CUDA
Sep 30, 2015 | 07:10 EDT
Stephens analyst Jonathan Ruykhaver downgraded Barracuda Networks to Equal Weight following its Q2 earnings report, noting that the company lowered its gross billings guidance even more than many investors had been fearing. The analyst, who thinks macro pressures in Europe and the Middle East could continue to impact performance over the medium term, lowered his price target on Barracuda shares to $22 from $40. Barracuda was also downgraded at Macquarie and at Piper Jaffray this morning.
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