Type
|
Public |
---|---|
Traded as |
|
Industry | Computer security and Computer data storage |
Founded | 2003 |
Founder | Dean Drako Michael Perone Zach Levow |
Headquarters | Campbell, California, United States |
Key people
|
BJ Jenkins, (CEO) Michael Perone (CMO) Zach Levow (CTO) |
Products | Spam Firewalls, Web filters, Load balancers, Email Archivers, Web Site Firewalls, SSL/VPNs, Backup software, NG Firewalls, Backup Appliances |
Number of employees
|
1000-5000 |
Website | barracuda |
Barracuda Networks, Inc. is a company providing security, networking and storage products based on network appliances and cloud services. The company's security products include products for protection against email, web surfing, web hackers and instant messaging threats such as spam, spyware, trojans, and viruses. The company's networking and storage products include web filtering, load balancing, application delivery controllers, message archiving, NG firewalls, backup services and data protection.
Barracuda Networks was founded in 2003 by Dean Drako (founding CEO), Michael Perone, and Zach Levow; the company introduced the Barracuda Spam and Virus Firewall in the same year. In 2007 the company moved its headquarters to Campbell, California, and opened an office in Ann Arbor, Michigan.
In January 2006, it closed its first outside investment of $40 million from Sequoia Capital and Francisco Partners.
On January 29, 2008, Barracuda Networks was sued by Trend Micro over their use of the open source anti-virus software Clam AntiVirus, which Trend Micro claimed to be in violation of their patent on 'anti-virus detection on an SMTP or FTP gateway'. In addition to providing samples of prior art in an effort to render Trend Micro's patent invalid, in July 2008 Barracuda launched a countersuit against Trend Micro claiming Trend Micro violated several antivirus patents Barracuda Networks had acquired from IBM.
In December 2008, the company launched the BRBL (Barracuda Reputation Block List), its proprietary and dynamic list of known spam servers, for free and public use in blocking spam at the gateway. Soon after opening BRBL many IP addresses got blacklisted without apparent reason and without any technical explanation.
As of October 2009, Barracuda had over 85,000 customers. As of November, 2011, Barracuda had more than 130,000 customers. As of January, 2014, Barracuda has more than 150,000 customers worldwide.
In 2012, the company became a co-sponsor of the Garmin-Barracuda UCI ProTour cycling team and entitlement sponsor of the 2011 Indianapolis 500 champion Bryan Herta Autosport in the IZOD IndyCar Series, with the #98 Lotus driven by Alex Tagliani, who will defend the team's championship.
Barracuda Networks expanded its research and development facility in Ann Arbor to a 12,500 square foot office building on Depot Street in 2008. By 2012, the Michigan-based research division had grown to about 180 employees, again outgrowing its space. In June, 2012, Barracuda signed a lease to occupy the 45,000 square foot office complex previously used as the Borders headquarters on Maynard St in downtown Ann Arbor.
In July 2012, Dean Drako, Barracuda Networks’s co-founder, president and CEO since it was founded in 2003, resigned his operating position, remaining on the company’s board of directors. At the time of Drako’s departure, the company stated it had achieved profitability, a nearly ongoing 30 annual percent growth rate since inception, 150,000 customers worldwide, nearly 1,000 employees, 10 offices, and did business in 80 countries. The company created the office of the CEO as it started a CEO search.
In November 2012, long-time EMC executive William "BJ" Jenkins joined the company as President and CEO. Jenkins worked at EMC since 1998 and most recently served as president of EMC's Backup and Recovery Systems (BRS) Division.
In November 2013, Barracuda Networks went public on the New York Stock Exchange under the ticker symbol CUDA.
In March 2015, Barracuda Networks expanded its business to North Asia and was distributed by TriTech Distribution Limited in Hong Kong.
In November 2015, Barracuda added new Next Generation Firewall to its firewall family.
Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016.
In September 2007, Barracuda Networks acquired NetContinuum, a company providing application controllers to secure and manage enterprise web applications.
In November 2008, Barracuda Networks expanded into cloud-based backup services by acquiring BitLeap.
In November 2008, Barracuda Networks acquired 3SP, allowing the company to introduce Secure Sockets Layer (SSL) Virtual Private Network (VPN) products to allow secure remote access to network file shares, internal Web sites and remote control capabilities for desktops and servers.
In January 2009, Barracuda Networks acquired Yosemite Technologies to add software agents for incremental backups of applications such as Microsoft Exchange Server and SQL Server, and Windows system states.
September 2009, Barracuda Networks acquired controlling interest in phion AG, an Austria-based public company delivering enterprise-class firewalls.
In October 2009, Barracuda Networks acquired Purewire Inc, a software as a service (SaaS) company offering cloud based web filtering and security.
In April 2013, Barracuda Networks acquired SignNow.
In 2014, Barracuda Networks purchased C2C Systems UK.
In October 2015, Barracuda Networks acquired Intronis.
In January 2013, a backdoor was discovered: "A variety of firewall, VPN, and spam filtering gear sold by Barracuda Networks contains undocumented backdoor accounts that allow people to remotely log in and access sensitive information, researchers with an Austrian security firm have warned." The backdoor was then secured shortly after the announcement.
2016-07-10 | Reiterated Rating | Piper Jaffray Cos. | Neutral | $17.00 to $18.00 |
2016-07-09 | Reiterated Rating | JMP Securities | Sell | |
2016-07-08 | Reiterated Rating | BTIG Research | Buy | $20.00 |
2016-07-07 | Reiterated Rating | Pacific Crest | Hold | |
2016-07-06 | Reiterated Rating | DA Davidson | Neutral | $15.50 |
2016-07-02 | Reiterated Rating | Summit Redstone | Hold | $15.00 |
2016-07-01 | Initiated Coverage | Summit Research | Hold | |
2016-06-30 | Reiterated Rating | Imperial Capital | In to In-Line | $16.00 to $15.00 |
2016-06-06 | Downgrade | JMP Securities | Market Perform to Underperform | $13.00 |
2016-05-22 | Reiterated Rating | Pacific Crest | Hold | |
2016-05-20 | Initiated Coverage | Northland Securities | Outperform | $24.00 |
2016-05-02 | Boost Price Target | Imperial Capital | In to In-Line | $12.00 to $16.00 |
2016-04-28 | Reiterated Rating | Piper Jaffray | Neutral | $15.00 to $17.00 |
2016-04-28 | Reiterated Rating | Piper Jaffray Cos. | Neutral | $15.00 to $17.00 |
2016-04-27 | Reiterated Rating | Morgan Stanley | Hold | |
2016-04-27 | Lower Price Target | Summit Research | $17.00 to $15.00 | |
2016-03-18 | Upgrade | BTIG Research | Neutral to Buy | $20.00 |
2016-02-02 | Reiterated Rating | BWS Financial | Buy | $20.00 |
2016-01-20 | Downgrade | Guggenheim | Buy to Neutral | |
2016-01-11 | Downgrade | Imperial Capital | Outperform to In-Line | $25.00 to $12.00 |
2016-01-09 | Reiterated Rating | Stephens | Hold | |
2016-01-08 | Lower Price Target | BWS Financial | Buy | $26.00 to $20.00 |
2016-01-08 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $32.00 to $15.00 |
2016-01-08 | Lower Price Target | Stephens | Equal Weight | $22.00 to $15.00 |
2016-01-08 | Downgrade | Summit Research | Buy to Hold | $32.00 to $15.00 |
2016-01-08 | Downgrade | JMP Securities | Outperform to Market Perform | |
2016-01-08 | Downgrade | BTIG Research | Buy to Neutral | |
2016-01-08 | Downgrade | William Blair | Outperform to Market Perform | |
2016-01-08 | Lower Price Target | Topeka Capital Markets | Buy | $42.00 to $26.00 |
2016-01-08 | Lower Price Target | Stifel Nicolaus | Buy | $32.00 to $26.00 |
2016-01-08 | Downgrade | Pacific Crest | Overweight to Sector Weight | |
2015-11-01 | Initiated Coverage | BWS Financial | Buy | $26.00 |
2015-10-26 | Initiated Coverage | BWS Financial | Buy | $26.00 |
2015-10-19 | Reiterated Rating | Pacific Crest | Overweight | $32.00 |
2015-10-05 | Reiterated Rating | Summit Research | Buy | $45.00 to $32.00 |
2015-10-02 | Lower Price Target | Imperial Capital | Outperform | $41.00 to $25.00 |
2015-10-02 | Lower Price Target | Pacific Crest | $49.00 to $32.00 | |
2015-10-02 | Lower Price Target | Bank of America | Buy | $42.00 to $30.00 |
2015-10-02 | Lower Price Target | JMP Securities | Market Outperform | $34.00 to $23.00 |
2015-10-02 | Lower Price Target | Bank of America Corp. | Buy | $42.00 to $30.00 |
2015-10-01 | Reiterated Rating | Morgan Stanley | Overweight | $32.00 |
2015-10-01 | Downgrade | Pacific Crest | Buy | |
2015-10-01 | Lower Price Target | Topeka Capital Markets | Buy | $55.00 to $42.00 |
2015-09-30 | Lower Price Target | Stifel Nicolaus | Buy | $36.00 to $32.00 |
2015-09-30 | Downgrade | Stephens | Overweight to Equal Weight | |
2015-09-30 | Downgrade | Macquarie | Outperform to Neutral | |
2015-09-30 | Downgrade | Piper Jaffray | Overweight to Neutral | $40.00 to $20.00 |
2015-09-30 | Reiterated Rating | JPMorgan Chase & Co. | Buy | |
2015-09-30 | Downgrade | DA Davidson | Hold | |
2015-09-30 | Downgrade | Guggenheim | Buy | $45.00 to $29.00 |
2015-09-30 | Downgrade | William Blair | Buy | |
2015-09-29 | Initiated Coverage | Stifel Nicolaus | Buy | $36.00 |
2015-09-25 | Reiterated Rating | Pacific Crest | Buy | $48.00 |
2015-09-25 | Lower Price Target | JMP Securities | $46.00 to $34.00 | |
2015-09-24 | Lower Price Target | Imperial Capital | Outperform | $47.00 to $41.00 |
2015-09-10 | Initiated Coverage | BTIG Research | Buy | $35.00 |
2015-08-19 | Lower Price Target | Stephens | Overweight | $48.00 to $40.00 |
2015-08-17 | Lower Price Target | DA Davidson | Neutral | $39.00 to $30.00 |
2015-08-11 | Reiterated Rating | Summit Research | Buy | $45.00 |
2015-07-23 | Reiterated Rating | JPMorgan Chase & Co. | Buy | |
2015-07-12 | Reiterated Rating | Morgan Stanley | Overweight | $47.00 to $45.00 |
2015-07-10 | Reiterated Rating | Pacific Crest | Buy | $49.00 |
2015-07-10 | Reiterated Rating | Summit Research | Buy | $50.00 to $45.00 |
2015-07-10 | Lower Price Target | Imperial Capital | Outperform | $52.00 to $47.00 |
2015-07-02 | Reiterated Rating | Imperial Capital | Outperform | $52.00 |
2015-06-22 | Initiated Coverage | Summit Research | Buy | $50.00 |
2015-06-01 | Initiated Coverage | Guggenheim | Buy | $45.00 |
2015-04-29 | Boost Price Target | Imperial Capital | Outperform | $45.00 to $52.00 |
2015-04-28 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $45.00 to $50.00 |
2015-04-28 | Boost Price Target | Pacific Crest | Overweight | $45.00 to $49.00 |
2015-04-28 | Boost Price Target | JMP Securities | Market Outperform | $43.00 to $46.00 |
2015-04-28 | Boost Price Target | Piper Jaffray | Overweight to Overweight | $44.00 to $47.00 |
2015-04-28 | Boost Price Target | Topeka Capital Markets | Buy | $46.00 to $55.00 |
2015-04-28 | Boost Price Target | BMO Capital Markets | Outperform | $46.00 to $50.00 |
2015-03-05 | Initiated Coverage | Piper Jaffray | Overweight | $44.00 |
2015-01-09 | Boost Price Target | Imperial Capital | Outperform | $44.00 to $44.50 |
2015-01-09 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $39.00 to $45.00 |
2015-01-09 | Boost Price Target | Topeka Capital Markets | Buy | $38.00 to $46.00 |
2015-01-07 | Initiated Coverage | Stephens | Overweight | |
2015-01-06 | Set Price Target | Roth Capital | Buy | $45.00 |
2015-01-06 | Boost Price Target | DA Davidson | Neutral | $35.00 to $39.00 |
2014-12-17 | Initiated Coverage | Roth Capital | Buy | $45.00 |
2014-11-17 | Boost Price Target | DA Davidson | Neutral | $31.00 to $35.00 |
2014-11-11 | Initiated Coverage | Macquarie | Outperform | |
2014-10-10 | Reiterated Rating | DA Davidson | Neutral | $29.50 to $31.00 |
2014-09-17 | Initiated Coverage | DA Davidson | Neutral | $29.50 |
2014-06-19 | Initiated | Topeka Capital Markets | Buy | $38 |
2014-06-18 | Initiated Coverage | Topeka Capital Markets | Buy | $38.00 |
2014-04-25 | Upgrade | Bank of America | Neutral to Buy | $39.50 |
2014-04-04 | Initiated Coverage | Imperial Capital | Outperform | $40.00 |
2014-01-10 | Downgrade | Bank of America | Buy to Neutral | $26.00 to $39.50 |
2013-12-19 | Initiated Coverage | BMO Capital Markets | Outperform to Outperform | $30.00 |
2013-12-02 | Initiated Coverage | William Blair | Outperform | |
2013-12-02 | Initiated Coverage | Pacific Crest | Outperform | $28.00 |
2013-12-02 | Initiated Coverage | Bank of America | Buy | $26.00 |
2013-12-02 | Initiated Coverage | Morgan Stanley | Overweight | $28.00 |
2013-12-02 | Initiated Coverage | JMP Securities | Outperform | $25.00 |
2013-12-02 | Initiated Coverage | JPMorgan Chase & Co. | Overweight | $25.00 |
2016-07-10 | Reiterated Rating | Piper Jaffray Cos. | Neutral | $17.00 to $18.00 |
2016-07-09 | Reiterated Rating | JMP Securities | Sell | |
2016-07-08 | Reiterated Rating | BTIG Research | Buy | $20.00 |
2016-07-07 | Reiterated Rating | Pacific Crest | Hold | |
2016-07-06 | Reiterated Rating | DA Davidson | Neutral | $15.50 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CUDA 13 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
SCFF MANAGEMENT LLC | 0.94M |
BlackRock Institutional Trust Company, N.A. | 0.75M |
BlackRock Fund Advisors | 0.70M |
Numeric Investors LLC | 0.24M |
OMT Capital Management LLC | 82160 |
BlackRock Investment Management, LLC | 81057 |
RHJ International SA | 50000 |
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 33860 |
BLACKROCK ADVISORS LLC | 25306 |
BlackRock Group LTD | 23211 |
MANAGED ACCOUNT ADVISORS LLC | 19681 |
BlackRock Japan Co. Ltd | 414 |
MetLife Securities, Inc | 22 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Levow Zachary S Chief Technology Officer, EVP | 4.27% (2195847) | CUDA / |
Drako Dean M | 1.94% (1000309) | CUDA / |
Faugno David Chief Financial Officer | 0.79% (408007) | CUDA / |
GOETZ JAMES J | 0.52% (269830) | CUDA / JIVE / NMBL / PANW / RKUS / |
SCGF III MANAGEMENT LLC | 0.22% (112633) | CUDA / JIVE / |
STITT GORDON | 0.11% (58882) | CUDA / EXTR / |
DEB DIPANJAN | 0.11% (58027) | CUDA / |
Francisco Partners GP III LP | 0.05% (28262) | CUDA / |
Golob David R | 0.04% (18520) | CUDA / |
Francisco Partners GP, LLC | 0.03% (17580) | CUDA / |
THOMPSON KEVIN B | 0.03% (14943) | CUDA / N / SWI / |
FP Annual Fund Investors, LLC | 0.01% (3902) | CUDA / |