Barracuda Networks (CUDA) Announces Quarterly Earnings
Barracuda Networks (NYSE:CUDA) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, American Banking and Market News reports. The company had revenue of $59.40 million for the quarter, compared to the consensus estimate of $57.79 million. The company’s revenue for the quarter was up 15.6% on a year-over-year basis.
CUDA has been the subject of a number of recent research reports. Analysts at BMO Capital Markets initiated coverage on shares of Barracuda Networks in a research note to investors on Thursday, December 19th. They set an “outperform” rating and a $30.00 price target on the stock. On a related note, analysts at Bank of America Corp. initiated coverage on shares of Barracuda Networks in a research note to investors on Monday, December 2nd. They set a “buy” rating and a $26.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Barracuda Networks in a research note to investors on Monday, December 2nd. They set an “overweight” rating and a $28.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $27.00.
Barracuda Networks (NYSE:CUDA) traded up 3.31% on Thursday, hitting $39.00. 410,171 shares of the company’s stock traded hands. Barracuda Networks has a 52-week low of $18.63 and a 52-week high of $41.30. The stock has a 50-day moving average of $26.96 and a 200-day moving average of $25.6. The company’s market cap is $1.951 billion.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
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