Barracuda Networks CMO Michael D. Perone Sells 46,760 Shares (CUDA)
Barracuda Networks (NYSE:CUDA) CMO Michael D. Perone sold 46,760 shares of Barracuda Networks stock on the open market in a transaction dated Thursday, July 10th. The stock was sold at an average price of $33.17, for a total transaction of $1,551,029.20. Following the sale, the chief marketing officer now directly owns 5,415,493 shares in the company, valued at approximately $179,631,903. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on CUDA. Analysts at Topeka Capital Markets initiated coverage on shares of Barracuda Networks in a research note on Wednesday, June 18th. They set a “buy” rating and a $38.00 price target on the stock. Analysts at Bank of America upgraded shares of Barracuda Networks from a “neutral” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $39.50 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $31.69.
Barracuda Networks (NYSE:CUDA) traded down 0.38% on Friday, hitting $33.87. The stock had a trading volume of 746,470 shares. Barracuda Networks has a one year low of $18.63 and a one year high of $44.40. The stock’s 50-day moving average is $30.44 and its 200-day moving average is $31.97. The company’s market cap is $1.729 billion.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Thursday, July 10th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $64.38 million. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Barracuda Networks will post $0.14 EPS for the current fiscal year.
Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.