Barracuda Networks (CUDA - Snapshot Report) released its first quarter fiscal 2017 earnings results, posting earnings of $0.10 per share and revenue of $86.7 million.  

Currently, CUDA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

CUDA:                                      

1. Beat earnings estimates. The company posted earnings of 10 cents per share (excluding 5 cents from non-recurring items), beating our Zacks Consensus Estimate of $0.01.

2. Beat revenue estimates. The company saw revenue figures of $86.7 million, surpassing our estimate of $84 million.   

3. Recurring subscription revenue grew to $65.3 million, up 20% from $54.3 million in the first quarter of fiscal 2016, representing 75% of total revenue.

4. Barracuda announced that current CFO David Faugno, who has been with the company for a decade, will be stepping down on August 1. He will be replaced by Dustin Driggs, the company’s chief accounting officer and worldwide controller since 2012.

5. CUDA was up $1.71, or 11.03%, to $17.22 as of 4:39 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at CUDA’s latest earnings performance:

Barracuda Networks Inc. (CUDA - Snapshot Report) Street Actual & Estimate EPS - Last 5 Quarters | FindTheCompany

Barracuda Networks is engaged in designing and delivering security and storage solutions. Its products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. It offers cloud-connected solutions that help its customers address security threats, enhance network performance, and protect and store their data. Barracuda Networks, Inc. is headquartered in Campbell, California.