Barracuda Networks, Inc. (CUDA) ended last trading session with a change of 1.05 percent. It trades at an average volume of 663.45K shares versus 3.86M shares recorded at the end of last trading session. The share price of $24.02 is at a distance of 154.45 percent from its 52-week low and down -10 percent versus its peak. The company has a market cap of $1.24B and currently has 51.71M shares outstanding. The share price is currently 7.18 percent versus its SMA20, 4.74 percent versus its SMA50, and 17.92 percent versus its SMA200. The stock has a weekly performance of 7.86 percent and is 12.09 percent year-to-date as of the recent close.

Jan. 9, 2017 — Barracuda Networks, Inc. (CUDA), a leading provider of cloud-enabled security and data protection solutions, announced results for its third quarter fiscal 2017 that ended Nov. 30, 2016.

Third Quarter Fiscal 2017 Financial Summary

  • Total revenue increased 11% to $88.8 million, compared with $80.1 million in the third quarter of fiscal 2016. Subscription revenue grew to $68.3 million, up 17% from $58.4 million in the third quarter of fiscal 2016, representing 77% of total revenue, and appliance revenue was $20.5 million, compared with $21.7 million in the third quarter of fiscal 2016.
  • Gross billings were $100.4 million, compared with $89.0 million in the third quarter of fiscal 2016. Billings for core products increased 30% to $61.6 million, compared with $47.2 million in the third quarter of fiscal 2016. The number of active subscribers grew approximately 15% to over 309,000 and the dollar-based renewal rate was 90% for the quarter.

InterCloud Systems, Inc. (ICLD) recently recorded -5.24 percent change and currently at $0.02 is 6.82 percent away from its 52-week low and down -77.3 percent versus its peak. It has a past 5-day performance of -21.67 percent and trades at an average volume of 2.49M shares. The stock has a 1-month performance of -45.65 percent and is -24.44 percent year-to-date as of the recent close. There were about 38.46M shares outstanding which made its market cap $900000. The share price is currently -28.77 percent versus its SMA20, -47.49 percent versus its SMA50, and -52.98 percent versus its SMA200.

On Dec. 01, 2016 InterCloud Systems, Inc. (ICLD) announced that it was recently awarded approximately $1.0 million in new contracts for professional and managed services in connection with next generation network services for new and existing customers.  A majority of the work is expected to begin immediately.

Separately, the Company reported the continued reduction of debt by more than $3.9 million since September 30, 2016, and over $20.6 million since June 30, 2016, as it followed its plans to further strengthen its balance sheet.