Barracuda Networks to Report Earnings After Market Close July 9th

Barracuda Networks (CUDA) is set to report earnings after the market close on Thursday July 9th for the company’s first quarter of fiscal 2016. According to Bloomberg, analysts are expecting Barracuda, the IT security and storage solutions provider, to report earnings of $0.08 per share on sales of $77 million. If Barracuda does get their $0.08 per share, that will be a 17% increase in earnings compared to the same quarter last year. Barracuda provides its 150,000 customers cloud connected solutions to address threats, protect and store data, and improve network performance. Barracuda serves companies like Oracle, NASCAR, and Yamaha, among many others as well as government agencies including the Department of Justice. Barracuda is trading 9% higher than where it opened at the beginning of the year.