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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 08:29 EDT
JMP Securities analyst Erik Suppiger keeps his Market Perform rating on Barracuda Networks (CUDA) after the company reported generally in line Q2 results but guided Q3 slightly below consensus, saying he feels the stock is fairly valued given the company's transition to cloud-based products. He also noted that Barracuda highlighted robust momentum for cloud email security, which he views as something that bodes "particularly well" for Proofpoint (PFPT).
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