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Fly News Breaks for October 2, 2015
CUDA
Oct 2, 2015 | 06:00 EDT
JPMorgan analyst Sterling Auty says Barracuda's $50M share repurchase program takes advantage of the stock's "attractive" valuation. The buyback program sends a positive signal to the market and is a prudent use of capital, Auty tells investors in a research note. He keeps an Overweight rating on the name.
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