SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Barracuda Networks, Inc. – CUDA

NEW YORK, NY / ACCESSWIRE / September 30, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Barracuda Networks, Inc. (“Barracuda” or the “Company”) (NYSE: CUDA). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Barracuda and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On September 29, 2015, post-market, the company announced its second quarter fiscal year 2016 results. After forecasting a 16-18% billings growth for the year in July, the company reported gross billings of only $98.4 million for the quarter, well below analyst expectations and not in line with the company’s forecasted growth rate.

On this news, the company’s stock has fallen as much as $8.09, or 34%, on intraday trading on September 30, 2015.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 432338