An investigation on behalf of investors in Barracuda Networks Inc (NYSE:CUDA) shares over potential wrongdoing at Barracuda Networks Inc was announced and NYSE:CUDA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/10/2016 --An investigation for shareholders in Barracuda Networks Inc (NYSE:CUDA) was announced over potential breaches of fiduciary duties by certain directors at Barracuda Networks.

Investors who purchased shares of Barracuda Networks Inc (NYSE:CUDA) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Barracuda Networks officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Barracuda Networks Inc reported that its Total Revenue rose from $233.79 million for the 12 months period that ended on February 28, 2014 to $277.45 million for the 12 months period that ended on February 28, 2015 while its Net Loss for those respective time periods increased from $3.63 million to $67.50 million.

Shares of Barracuda Networks Inc (NYSE:CUDA) grew to as high as $46.12 per share in April 2015. Since then NYSE:CUDA shares lost substantial value.

On September 29, 2015, Barracuda Networks Inc reported its second quarter fiscal 2016 results. On The same day Barracuda Networks Inc also announced that it has entered into an agreement to acquire privately held Intronis, Inc. Shares of Barracuda Networks Inc (NYSE:CUDA) declined to as low as $23.04 per share on September 29, 2015.

On January 7, 2016, Barracuda Networks, Inc announced results for its third quarter of fiscal 2016, which ended November 30, 2015. Shares Barracuda Networks Inc (NYSE:CUDA) declined to as low as $9.92 per share on January 13, 2016.

On February 8, 2016, NYSE:CUDA shares closed at $10.66 per share.

Those who purchased shares of Barracuda Networks Inc (NYSE:CUDA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com