Continue Reading Below
Shares of Barracuda Networks (NYSE: CUDA) fell 12% in April 2017, according to data from S&P Global Market Intelligence. The data security specialist presented fourth-quarter results on April 17, triggering a 17% drop the next day.
Barracuda delivered significant growth on both the top and bottom lines in the fourth quarter, exceeding analyst estimates across the board. But forward-looking earnings guidance for fiscal year 2018 fell short of the Street's then-current projections, making investors forget all about the reported earnings surprise in a hurry.
Image source: Getty Images.
April's woes notwithstanding, Barracuda shares have gained 31% over the last 52 weeks, roughly doubling the S&P 500's return over the same period. The company brings together aspects of two vibrant markets, namely data security and cloud computing. Solutions can be deployed on public cloud services, in private data centers, or on a hybrid platform incorporating a combination of public and private tools.
If you're playing Buzzword Bingo at home, congratulations on the quick victory I just handed out. But Barracuda's hybrid cloud security is more than just hot air, and that strategy should keep the company relevant for years to come. Opportunistic investors might want to pick up a few shares while the guidance-related discounts last.
10 stocks we like better than Barracuda NetworksWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Barracuda Networks wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Click here to learn about these picks!
*Stock Advisor returns as of May 1, 2017