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Barracuda Networks Inc. (CUDA) Dropped After Q2 Report

Barracuda Networks Inc. (CUDA) reported second quarter non-GAAP EPS of $0.17 after the bell Tuesday, which was in line with analysts' expectations.

Barracuda Networks gapped open sharply lower Wednesday, but traded in a range for the majority of the session. Shares finished with a loss of 3.09 at $22.65 on the highest volume of the year. The stock dropped to its lowest level since late August and fell below its 50 and 200-day moving averages.

by RTT Staff Writer

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