Media coverage about Barracuda Networks (NYSE:CUDA) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barracuda Networks earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 46.8059000536276 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
A number of equities research analysts recently commented on CUDA shares. Robert W. Baird reissued 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 restated a “buy” rating on shares of Barracuda Networks in a research note on Sunday, October 15th. Piper Jaffray Companies lowered shares of Barracuda Networks from an “overweight” rating to a “neutral” rating in a research note on Monday, November 27th. JPMorgan Chase & Co. lowered shares of Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 price objective on the stock. in a research note on Tuesday, December 12th. Finally, KeyCorp reiterated a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $28.19.
Barracuda Networks (NYSE:CUDA) remained flat at $$27.50 on Friday. 545,145 shares of the company’s stock were exchanged, compared to its average volume of 1,177,709. The firm has a market capitalization of $1,475.99, a PE ratio of 98.21, a P/E/G ratio of 7.24 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 related news, CFO Dustin Driggs sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $23.10, for a total transaction of $28,875.00. Following the completion of the sale, the chief financial officer now directly owns 102,905 shares in the company, valued at $2,377,105.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael D. Hughes sold 2,015 shares of Barracuda Networks stock in a transaction dated 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 owns 155,033 shares of the company’s stock, valued at $3,503,745.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,655 shares of company stock worth $104,952. Insiders own 13.90% 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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