Shares of Barracuda Networks Inc (NYSE:CUDA) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $27.58.
A number of analysts have recently commented on the company. Imperial Capital boosted their price target on Barracuda Networks from $22.00 to $27.55 and gave the company a “line” rating in a report on Wednesday, January 10th. ValuEngine upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a report on Monday, November 27th. BTIG Research lowered Barracuda Networks from a “buy” rating to a “neutral” rating in a report on Monday, November 27th. Zacks Investment Research lowered Barracuda Networks from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Piper Jaffray Companies lowered Barracuda Networks from an “overweight” rating to a “neutral” rating in a report on Monday, November 27th.
Shares of Barracuda Networks (CUDA) remained flat at $$27.54 during trading on Tuesday. The stock has a market capitalization of $1,480.00, a PE ratio of 98.36, a PEG ratio of 7.52 and a beta of 3.06. Barracuda Networks has a one year low of $19.06 and a one year high of $27.95.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Monday, January 8th. The communications equipment provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $94.75 million during the quarter, compared to the consensus estimate of $93.85 million. Barracuda Networks had a net margin of 4.09% and a return on equity of 74.59%. sell-side analysts anticipate that Barracuda Networks will post 0.31 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in Barracuda Networks by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,462,802 shares of the communications equipment provider’s stock worth $35,443,000 after acquiring an additional 69,759 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in 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 acquiring an additional 165,748 shares in the last quarter. Vanguard Group Inc. raised its holdings in Barracuda Networks by 7.5% during the second 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. Kassirer Asset Management Corp bought a new stake in Barracuda Networks during the fourth quarter worth about $1,238,000. Finally, Cipher Capital LP raised its holdings in Barracuda Networks by 91.8% during the third 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. Institutional investors and hedge funds own 75.84% 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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