Barracuda Said to Work With Morgan Stanley to Seek Sale

  • No deal is imminent and a transaction may not take place
  • Barracuda fell 35 percent on Jan. 8 after revealing earnings

Barracuda Networks Inc., which provides cloud-computing and data-storage services, is working with Morgan Stanley to seek potential buyers, according to people familiar with the matter, after losing more than two thirds of its value amid disappointing earnings.

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