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Fly News Breaks for May 12, 2017
CUDA
May 12, 2017 | 08:27 EDT
After meeting with management, JPMorgan analyst Sterling Auty raised his revenue estimates for Barracuda Networks. The company's transition has turned the corner and is entering an acceleration phase, which is not reflected in the current valuation, Auty tells investors in a research note. The analyst expects Barracuda's billings to accelerate and keeps an Overweight rating on the shares with a $33 price target.
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