Get more expert commentary and daily trading ideas with our Benzinga Professional news and data platform. Find out how you can get exclusive, member-only access today with this deal. Barracuda Networks NASDAQ:CUDA - Why Morgan Stanley Is Defending Barracuda's 36% One-Day Decline The selloff was triggered by the announcement of lukewarm earnings and poor guidance on Tuesday afternoon. Despite the decline, Morgan Stanley reiterated an Overweight rating on the stock, while trimming its price target to $32.00 to reflect lower estimates – although they still expect 20 percent free cash flow growth over the next few years. In a report issued Wednesday, Morgan Stanley analysts Melissa Gorham, Keith Weiss and Tom Mao explained why they reiterated an Overweight rating on Barracuda after the company missed expectations on the back of storage and... More