Barracuda Networks Inc (NYSE:CUDA) Pops 11%; Marketo Inc (NASDAQ:MKTO) Soars

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Barracuda Networks Barracuda Networks Inc(NYSE:CUDA) is higher in late trading after the company reported financial results for Q4, or the quarter ended 2014, that topped analysts’ expectations, and provided guidance for fiscal 2014.  Shares are up in the after hours session.

The security and storage solutions company reported Q4 earnings of $0.06 per share, compared with the prior-year period’s $0.07 per share. Revenue was $60.3 million, up 14.9% from $52.47 million in the same quarter last year.

Analysts polled by Capital IQ were expecting EPS of $0.01 on revenues of $59.67 million. The company said that for the quarter, gross billings grew by 18% to $82 million; adjusted free cash flow was $19 million, or 31% of revenue, and total active subscribers exceeded 205,000.

Analysts have a consensus price target of $29.33 on Barracuda Networks Inc(NYSE:CUDA) which indicates a 5.93% upside. The consensus rating of the stock is a BUY with a score of 2.88.  There are currently 1 Hold Rating, 7 Buy ratings on the stock.

Another after-hours mover was Marketo Inc (NASDAQ:MKTO), which said Q1 sales were $32.3 million, up 64% from a year ago. Non-GAAP net loss was $0.18 per share, better than the mean Bloomberg estimate for a loss of $0.29.

Q2 sales are seen between $33 million to $34 million, with a non-GAAP net loss between $0.30 to $0.32 per share. Estimates are for a loss of $0.29 per share. FY14 sales are seen between $138 million to $141 million, with a non-GAAP loss per share of $1.00 to $1.06. Estimates are for a loss of $1.12 per share.

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