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Barracuda Networks (NYSE:CUDA) CFO David Faugno sold 240 shares of Barracuda Networks stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.01, for a total value of $6,722.40. Following the transaction, the chief financial officer now directly owns 535,454 shares of the company’s stock, valued at approximately $14,998,067. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Separately, 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. Nine research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $31.69.

Barracuda Networks (NYSE:CUDA) traded up 0.07% during mid-day trading on Wednesday, hitting $28.14. The stock had a trading volume of 214,938 shares. Barracuda Networks has a 1-year low of $18.63 and a 1-year high of $44.40. The stock’s 50-day moving average is $30. and its 200-day moving average is $31.23. The company’s market cap is $1.449 billion.

Barracuda Networks (NYSE:CUDA) last released its earnings data on Thursday, July 10th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Barracuda Networks will post $0.17 earnings per share for the current fiscal year.

Barracuda Networks, Inc (NYSE:CUDA) designs and delivers security and storage solutions.

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