Pros
If you are looking for that first big-name entry on your resume, you can do far worse. Company remains a good place to learn and gain experience, with some solid products. Relaxed atmosphere, pretty much no dress code, fun place to work and awesome teams. Lots and lots of very smart people who enjoy what they do.
Cons
Tech support employees are generally not treated very well. Barracuda was and remains distracted by a few very poor product lines, as well as having their Copy/Cudadrive products clobbered. Main products fell behind competition, and it stalled their growth. Management freak out has eliminated a lot of the nice office perks. Barracuda was once aggressive leaders in certain areas, now they are also-rans. That will be fixed, but it will be a difficult time. Pay, vacation and benefits lag greatly.