Brokerages expect Barracuda Networks Inc (NYSE:CUDA) to post earnings of $0.22 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Barracuda Networks’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.20. Barracuda Networks reported earnings per share of $0.19 in the same quarter last year, which indicates a positive year over year growth rate of 15.8%. The firm is scheduled to issue its next quarterly earnings results on Monday, April 16th.

On average, analysts expect that Barracuda Networks will report full year earnings of $0.75 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.77. For the next fiscal year, analysts forecast that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.78 to $0.96. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Barracuda Networks.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The firm had revenue of $94.30 million for the quarter, compared to the consensus estimate of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS.

Several research firms recently issued reports on CUDA. Imperial Capital boosted their price objective on Barracuda Networks from $22.00 to $27.55 and gave the company a “line” rating in a report on Wednesday. BTIG Research downgraded Barracuda Networks from a “buy” rating to a “neutral” rating in a report on Monday, November 27th. Needham & Company LLC downgraded Barracuda Networks from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Robert W. Baird reiterated a “buy” rating and issued a $29.00 price objective on shares of Barracuda Networks in a report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded Barracuda Networks from a “hold” rating to a “sell” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $28.19.

Barracuda Networks (NYSE:CUDA) traded up $0.05 during mid-day trading on Monday, hitting $27.50. The company had a trading volume of 1,138,877 shares, compared to its average volume of 1,343,960. The stock has a market cap of $1,460.00, a P/E ratio of 98.21, a PEG ratio of 7.31 and a beta of 3.28. Barracuda Networks has a 52-week low of $19.06 and a 52-week high of $27.95.

In other Barracuda Networks news, CFO Dustin Driggs sold 1,250 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.10, for a total transaction of $28,875.00. Following the sale, the chief financial officer now owns 102,905 shares in the company, valued at approximately $2,377,105.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael D. Hughes sold 1,390 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $21.97, for a total value of $30,538.30. Following the sale, the senior vice president now owns 155,118 shares in the company, valued at approximately $3,407,942.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,655 shares of company stock worth $104,952. 13.90% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Barracuda Networks by 10.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,393,043 shares of the communications equipment provider’s stock worth $32,123,000 after acquiring an additional 129,425 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Barracuda Networks by 523.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 197,441 shares of the communications equipment provider’s stock worth $4,784,000 after acquiring an additional 165,748 shares in the last quarter. Swiss National Bank boosted its position in shares of Barracuda Networks by 51.9% during the 2nd quarter. Swiss National Bank now owns 61,500 shares of the communications equipment provider’s stock worth $1,418,000 after acquiring an additional 21,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Barracuda Networks by 7.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock worth $67,660,000 after acquiring an additional 204,731 shares in the last quarter. Finally, Cipher Capital LP boosted its position in shares of Barracuda Networks by 91.8% during the 3rd quarter. Cipher Capital LP now owns 141,874 shares of the communications equipment provider’s stock worth $3,437,000 after acquiring an additional 67,893 shares in the last quarter. 75.79% of the stock is owned by institutional investors and hedge funds.

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About Barracuda Networks

Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.

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