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Fly News Breaks for April 18, 2017
CUDA
Apr 18, 2017 | 08:55 EDT
Baird analyst Jayson Noland said Q4 results for Barracuda were solid, although its guidance was a little light, which he believes is a function of the shift to a cloud-based business model. He expects the company's transition to a cloud-based model to be faster than most other companies and said it remains one of his best ideas for 2017. Noland reiterated his Outperform rating and $31 price target on Barracuda shares.
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