BidaskClub downgraded shares of Barracuda Networks, Inc.
CUDA has been the subject of several research reports.
Ratings analysis reveals 59% of Barracuda Networks's analysts are positive. Barracuda Networks posted sales of $87.93 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%.
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Herald Investment Management Ltd holds 1.82% of its portfolio in Barracuda Networks Inc for 230,000 shares. The value of the investment in Barracuda Networks, Inc. went from $841,000 to $319,000 decreasing 62.1% since the last quarter. In the last earnings report the EPS was $0.19 and is projected to be $0.76 for the current year with 52,968,000 shares now outstanding. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. The firm had revenue of $94.18 million during the quarter, compared to analyst estimates of $91.18 million. Next quarter's EPS is forecasted at $0.19 and the next full year EPS is projected to be $0.87. The company's revenue for the quarter was up 8.7% on a year-over-year basis. DA Davidson upgraded the shares of CUDA in report on Tuesday, January 10 to "Neutral" rating. Stifel Nicolaus has "Buy" rating and $32.0 target. Pacific Crest restated an "overweight" rating and issued a $30.00 price objective on shares of Barracuda Networks in a report on Wednesday, June 28th. Finally, Rosenblatt Securities restated a "buy" rating and set a $30.00 price target on shares of Barracuda Networks in a research note on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock now has a consensus rating of "Buy" and an average price target of $26.59. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and global copyright and trademark legislation. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and worldwide trademark and copyright legislation.
Barracuda Networks, Inc. (NYSE:CUDA) has been the object of insider selling activity recently.
Analysts expect Barracuda Networks Inc (NYSE:CUDA) to report $0.07 EPS on October, 10 after the close.They anticipate $0.01 EPS change or 16.67% from last quarter's $0.06 EPS. The company has a 50 day moving average of $23.54 and a 200 day moving average of $22.73. The firm has a market cap of $1.28 billion, a PE ratio of 127.53 and a beta of 3.28. On Friday, July 1 the stock rating was initiated by Summit Redstone Partners with "Hold". The stock was sold at an average price of $22.85, for a total transaction of $28,562.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael D. Perone sold 322,898 shares of the business's stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $24.15, for a total transaction of $7,196,072.10. Following the transaction, the director now directly owns 1,816,494 shares in the company, valued at $43,777,505.40. The disclosure for this sale can be found here. 4,468 shares were sold by Hughes Michael D, worth $100,753. The Director now owns $6,201,344 of the stock per the Form 4 SEC filing. Hedge funds and other institutional investors own 65.96% of the company's stock. Victory Capital Management Inc. raised its position in shares of Barracuda Networks by 17.6% during the second quarter. Ltd. grew its position in Barracuda Networks by 2.9% in the 1st quarter. Advisors Asset Management Inc. bought a new stake in shares of Barracuda Networks during the second quarter worth $113,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Barracuda Networks by 17.6% in the second quarter. The Manufacturers Life Insurance Company now owns 138,105 shares of the communications equipment provider's stock valued at $3,186,000 after purchasing an additional 20,572 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Barracuda Networks by 15.7% in the second quarter. Moreover, Systematic Financial Management Lp has 0.93% invested in the company for 2.17 million shares. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its subscription-based security and data protection solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity. Its solutions are created to manage information technology operations for its customers.
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