Barracuda Networks Inc (NYSE:CUDA) – Research analysts at Imperial Capital decreased their Q4 2018 earnings per share (EPS) estimates for Barracuda Networks in a research report issued on Wednesday. Imperial Capital analyst M. Kim now anticipates that the communications equipment provider will earn $0.09 per share for the quarter, down from their prior forecast of $0.11. Imperial Capital has a “line” rating and a $27.55 price target on the stock.

A number of other research firms have also recently commented on CUDA. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price target on shares of Barracuda Networks in a report on Wednesday, October 11th. Rosenblatt Securities reaffirmed a “buy” rating on shares of Barracuda Networks in a report on Sunday, October 15th. Piper Jaffray Companies cut shares of Barracuda Networks from an “overweight” rating to a “neutral” rating in a report on Monday, November 27th. JPMorgan Chase & Co. cut shares of Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 price target on the stock. in a report on Tuesday, December 12th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Barracuda Networks currently has a consensus rating of “Hold” and a consensus target price of $28.19.

Shares of Barracuda Networks (CUDA) remained flat at $$27.50 during midday trading on Monday. The company had a trading volume of 342,146 shares, compared to its average volume of 1,350,000. Barracuda Networks has a twelve month low of $19.06 and a twelve month high of $27.95. The stock has a market cap of $1,470.00, a PE ratio of 98.21, a P/E/G ratio of 7.27 and a beta of 3.28.

Barracuda Networks (NYSE:CUDA) last announced its earnings results on Monday, January 8th. The communications equipment provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Barracuda Networks had a return on equity of 74.59% and a net margin of 4.09%.

In other news, SVP Michael D. Hughes sold 1,390 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $21.97, for a total transaction of $30,538.30. Following the completion of the transaction, the senior vice president now directly owns 155,118 shares in the company, valued at approximately $3,407,942.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dustin Driggs sold 1,250 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.10, for a total transaction of $28,875.00. Following the transaction, the chief financial officer now owns 102,905 shares of the company’s stock, valued at $2,377,105.50. The disclosure for this sale can be found here. Insiders own 13.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in shares of Barracuda Networks during the 3rd quarter valued at $212,000. Cubist Systematic Strategies LLC purchased a new position in shares of Barracuda Networks during the 3rd quarter valued at $275,000. Segall Bryant & Hamill LLC grew 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 valued at $4,784,000 after purchasing an additional 165,748 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Barracuda Networks by 274.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 247,939 shares of the communications equipment provider’s stock valued at $6,008,000 after purchasing an additional 181,678 shares in the last quarter. Finally, Engineers Gate Manager LP grew its position in shares of Barracuda Networks by 147.8% during the 3rd quarter. Engineers Gate Manager LP now owns 58,701 shares of the communications equipment provider’s stock valued at $1,422,000 after purchasing an additional 35,014 shares in the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.

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Barracuda Networks Company Profile

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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