Barracuda Networks Inc (NYSE:CUDA) – Stock analysts at Imperial Capital decreased their Q4 2018 earnings per share (EPS) estimates for Barracuda Networks in a note issued to investors on Wednesday. Imperial Capital analyst M. Kim now forecasts that the communications equipment provider will post earnings per share of $0.09 for the quarter, down from their previous forecast of $0.11. Imperial Capital has a “line” rating and a $27.55 price objective on the stock.
A number of other research firms also recently weighed in on CUDA. JPMorgan Chase & Co. downgraded Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 target price for the company. in a research report on Tuesday, December 12th. ValuEngine upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Needham & Company LLC downgraded Barracuda Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Stephens downgraded Barracuda Networks from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Barracuda Networks currently has a consensus rating of “Hold” and a consensus target price of $28.19.
Barracuda Networks (NYSE:CUDA) remained flat at $$27.50 during mid-day trading on Monday. The company’s stock had a trading volume of 342,146 shares, compared to its average volume of 1,350,000. The company has a market cap of $1,470.00, a P/E ratio of 98.21, a P/E/G ratio of 7.27 and a beta of 3.28. Barracuda Networks has a 12-month low of $19.06 and a 12-month high of $27.95.
Barracuda Networks (NYSE:CUDA) last released 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 Barracuda Networks news, CFO Dustin Driggs sold 1,250 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.10, for a total value of $28,875.00. Following the completion of the transaction, the chief financial officer now directly owns 102,905 shares of the company’s stock, valued at $2,377,105.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael D. Hughes sold 1,390 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $21.97, for a total value of $30,538.30. Following the completion of the transaction, the senior vice president now directly owns 155,118 shares of the company’s stock, valued at $3,407,942.46. The disclosure for this sale can be found here. Corporate insiders own 13.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC acquired a new position in Barracuda Networks in the third quarter valued at about $212,000. Cubist Systematic Strategies LLC acquired a new position in shares of Barracuda Networks during the third quarter worth about $275,000. Segall Bryant & Hamill LLC boosted its position in shares of Barracuda Networks by 523.0% during the third quarter. Segall Bryant & Hamill LLC now owns 197,441 shares of the communications equipment provider’s stock worth $4,784,000 after buying an additional 165,748 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Barracuda Networks by 274.2% during the third quarter. Allianz Asset Management GmbH now owns 247,939 shares of the communications equipment provider’s stock worth $6,008,000 after buying an additional 181,678 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in Barracuda Networks by 147.8% during the third quarter. Engineers Gate Manager LP now owns 58,701 shares of the communications equipment provider’s stock worth $1,422,000 after acquiring an additional 35,014 shares in the last quarter. 75.69% of the stock is owned by hedge funds and other institutional investors.
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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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