Diamonds and Dogs


Ooooh, Barracuda! Barracuda Networks (CUDA) jumped 18% following better than expected earnings. Barracuda reported first-quarter revenue of $86.7 million, up 11% year over year and nearly $3 million higher than the average analyst estimate. Recurring subscription revenue jumped 20% to $65.3 million, while appliance revenue declined 10%. The number of active subscribers rose 14% to 286,000. Non-GAAP earnings per share (EPS) came in at $0.20, up from $0.09 during the prior-year period and $0.09 higher than analysts were expecting. On a GAAP basis, Barracuda posted EPS of $0.05, up from a loss of $0.07 during the first quarter of 2015. Let's hope this is a good trend going forward.

Juno Therapeutics (JUNO) dropped 32% on news their experimental treatment for leukemia was abruptly halted due to two patient deaths, raising questions about a closely-watched approach to cancer that involves reprogramming cells to seek and destroy the disease. The Food and Drug Administration suspended the Juno Therapeutics trial Wednesday, after the company reported that two patients on its most advanced treatment died from swelling of the brain. A similar death was reported in May though both the FDA and Juno concluded there were "compounding factors," company executives said in a Thursday conference call. Sad news.


Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.