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By The Online Investor Staff, updated Mon., Oct. 5, 6:09 AM

Slide #2. Barracuda Networks, Inc.

Company: Barracuda Networks, Inc. (NYSE:CUDA)
$Amount Authorized: $50,000,000
Buyback Details: Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-connected security and storage solutions, today announced that its Board of Directors has authorized the purchase of up to $50 million of its common stock through September 30, 2017. Stock will be purchased from time to time, in the open market or through private transactions, subject to market condition, in compliance with applicable state and federal securities laws. The timing and amounts of any purchases will be based on market conditions and other factors including price, regulatory requirements and capital availability. The Company expects the stock repurchase program to help partially offset dilution from its equity compensation programs.

Barracuda Networks designs and delivers security and storage solutions. Co.'s portfolio of purpose-built solutions includes cloud-connected appliances and virtual appliances, as well as cloud-only solutions. Co.'s appliances consist of devices that are pre-installed with its proprietary software, while its virtual appliances provide the same features in a software-only offering. Co.'s securities offerings help protect its customers against threats which propagate over the Internet. Co.'s storage solutions provide a data protection portfolio for archive, backup and cloud storage.
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Company Name:  Barracuda Networks Inc
Stock buyback:  CUDA buyback
Sector:  Information Technology Services
Number of ETFs Holding CUDA:  13
Total Market Value Held by ETFs:  $4.48M
Total Market Capitalization:  $829.00M
% of Market Cap. Held by ETFs:  0.54%

Open the CUDA Page at The Online Investor (in a new window) »

October 5, 2015    6:09 AM Eastern
Quotes delayed 20 minutes

Buy (3.35 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)
Based on Zacks ABR data;
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