Barracuda Networks Q3 Loss Widens

(RTTNews) - Barracuda Networks Inc. (CUDA) posted third-quarter net loss attributable to the company of $2.1 million, wider than $2.0 million in the comparable quarter last year. Loss per share for the latest third quarter was $0.06, same as last year.

Non-GAAP net income for the third quarter was $493 thousand or $0.01 per share, compared to $1.9 million, or $0.04 per share in the prior year quarter.

On average, six analysts polled by Thomson Reuters expect a loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 15% percent to $59.39 million from $51.43 million last year, while five analysts estimated revenues of $57.69 million for the quarter.