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Fly News Breaks for November 15, 2016
CUDA
Nov 15, 2016 | 07:59 EDT
Baird analyst Jayson Noland started Barracuda with an Outperform rating and a $29 price target, saying he believes the company has differentiated itself through its early presence in the cloud. Also, given the company's "huge" install base, identifiable brand, and an attractive subscription model, a private equity firm or strategic suitor could show interest if management can establish a meaningful public cloud presence, adds Noland.
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