NEW YORK, Oct. 14, 2015 /PRNewswire/ -- Levi & Korsinsky announces it has commenced an investigation of Barracuda Networks, Inc. ("Barracuda" or the "Company") (NYSE: CUDA) concerning possible violations of federal securities laws by certain officers and directors.
On September 30, 2015, the Company's shares plunged over 34%, the biggest one-day decline since the Company's initial public offering in November 2013. The Company disclosed to investors that second-quarter revenue was $78.4 million, while analysts had projected $78.7 million. The Company also said it sees "some evidence that growth in the overall storage market has slowed." To obtain additional information about the investigation, go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP