Investigation of Barracuda by Law Offices of Howard G. Smith

Law Offices of Howard G. Smith announces an investigation on behalf of investors of Barracuda Networks, Inc. concerning the company’s and its officers’ alleged violations of federal securities laws through misleading investors regarding its operations and financial performance.

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.”