Published October 1, 2015 5:40pm EDT | Updated October 1, 2015 6:04pm EDT

Barracuda To Buy Back Up To $50 Mln In Shares After Weak Results

Barracuda Networks Inc. will buy back up to $50 million in common shares over the next two years, the security and storage company said late Thursday. The announcement comes on the heels of worse-than-expected sales in the fiscal second quarter. Shares of Barracuda were flat in after-hours trade after climbing 2% to $15.89 in the regular session.