Several analysts have recently updated their ratings and price targets for Barracuda Networks (NYSE: CUDA):

  • 9/19/2016 – Barracuda Networks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $26.50 price target on the stock.
  • 9/12/2016 – Barracuda Networks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.50 price target on the stock.
  • 9/7/2016 – Barracuda Networks was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Barracuda Networks, Inc. is engaged in designing and delivering security and storage solutions. Its products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. It offers cloud-connected solutions that help its customers address security threats, enhance network performance, and protect and store their data. Barracuda Networks, Inc. is headquartered in Campbell, California. “
  • 9/5/2016 – Barracuda Networks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $26.50 price target on the stock.
  • 8/30/2016 – Barracuda Networks was upgraded by analysts at Pacific Crest from a “sector weight” rating to an “overweight” rating. They now have a $30.00 price target on the stock, up previously from $23.27.
  • 8/30/2016 – Barracuda Networks was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.50 price target on the stock.
  • 8/24/2016 – Barracuda Networks was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $24.75 price target on the stock.
  • 8/15/2016 – Barracuda Networks was upgraded by analysts at Vetr from a “sell” rating to a “strong-buy” rating. They now have a $24.75 price target on the stock.
  • 8/15/2016 – Barracuda Networks was upgraded by analysts at DA Davidson from an “underperform” rating to a “neutral” rating.
  • 8/12/2016 – Barracuda Networks was downgraded by analysts at DA Davidson from a “neutral” rating to an “underperform” rating. They now have a $19.50 price target on the stock, up previously from $17.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 8/1/2016 – Barracuda Networks is now covered by analysts at Rosenblatt Securities. They set a “buy” rating and a $30.00 price target on the stock.
  • 8/1/2016 – Barracuda Networks was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $21.50 price target on the stock.

Shares of Barracuda Networks Inc. (NYSE:CUDA) opened at 23.89 on Tuesday. Barracuda Networks Inc. has a 52 week low of $9.44 and a 52 week high of $28.37. The firm’s 50-day moving average price is $22.60 and its 200-day moving average price is $17.97. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 597.25 and a beta of 3.63.

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Thursday, July 7th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. Barracuda Networks had a negative return on equity of 33.60% and a net margin of 0.67%. The business had revenue of $86.70 million for the quarter. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Barracuda Networks Inc. will post $0.57 EPS for the current fiscal year.

In related news, major shareholder Dean M. Drako sold 146,232 shares of Barracuda Networks stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $22.01, for a total transaction of $3,218,566.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Dean M. Drako sold 60,000 shares of Barracuda Networks stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $19.62, for a total value of $1,177,200.00. The disclosure for this sale can be found here. Insiders own 39.60% of the company’s stock.

Barracuda Networks, Inc (Barracuda Networks) designs and delivers security and storage solutions. The Company offers cloud-connected solutions for its customers to address security threats, improve network performance and protect and store their data. The Company’s security and storage solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity, and are offered on a subscription basis.

5 Day Chart for NYSE:CUDA

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