(Bloomberg) -- 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.

The investment bank has been asked to gauge interest in Barracuda, which has a market value of about $571 million, according to the people, who asked not to be identified because the information isn’t public.

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