News headlines about Barracuda Networks (NYSE:CUDA) have trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Barracuda Networks earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.0197104745785 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
Barracuda Networks (NYSE:CUDA) opened at $27.50 on Friday. Barracuda Networks has a 1 year low of $19.06 and a 1 year high of $27.95. The company has a market cap of $1,460.00, a PE ratio of 98.21, a P/E/G ratio of 7.31 and a beta of 3.28.
Barracuda Networks (NYSE:CUDA) last released its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Barracuda Networks had a net margin of 2.52% and a return on equity of 197.30%. The firm had revenue of $94.30 million for the quarter, compared to analyst estimates of $93.32 million. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. equities analysts predict that Barracuda Networks will post 0.31 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on CUDA shares. Robert W. Baird reiterated a “buy” rating and set a $29.00 target price on shares of Barracuda Networks in a research report on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating on shares of Barracuda Networks in a research note on Sunday, October 15th. Piper Jaffray Companies downgraded shares of Barracuda Networks from an “overweight” rating to a “neutral” rating in a research note 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 for the company. in a report on Tuesday, December 12th. Finally, KeyCorp reiterated a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $28.19.
In related news, SVP Michael D. Hughes sold 2,015 shares of Barracuda Networks stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $22.60, for a total transaction of $45,539.00. Following the sale, the senior vice president now directly owns 155,033 shares in the company, valued at approximately $3,503,745.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael D. Hughes sold 1,390 shares of Barracuda Networks stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $21.97, for a total transaction of $30,538.30. Following the sale, the senior vice president now owns 155,118 shares in the company, valued at $3,407,942.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,655 shares of company stock worth $104,952. 13.90% of the stock is currently owned by corporate insiders.
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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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