Barracuda Networks, Inc. (NYSE:CUDA) released its earnings results on Monday. The communications equipment provider reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17, Bloomberg Earnings reports. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. The company had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. During the same quarter in the previous year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis.

Barracuda Networks (NYSE:CUDA) traded up 0.04% during midday trading on Tuesday, reaching $25.74. The company had a trading volume of 2,949,017 shares. The company’s 50-day moving average is $24.20 and its 200 day moving average is $22.91. The company has a market cap of $1.36 billion, a PE ratio of 135.47 and a beta of 3.27. Barracuda Networks has a 52-week low of $19.06 and a 52-week high of $26.69.

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In other news, Director Michael D. Perone sold 236,987 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $24.02, for a total value of $5,692,427.74. Following the completion of the sale, the director now directly owns 2,988,898 shares of the company’s stock, valued at $71,793,329.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dustin Driggs sold 5,135 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $24.85, for a total value of $127,604.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,354,783 shares of company stock valued at $57,100,375. Corporate insiders own 13.90% of the company’s stock.

Several brokerages have recently issued reports on CUDA. BidaskClub upgraded Barracuda Networks from a “strong sell” rating to a “sell” rating in a report on Saturday. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Barracuda Networks in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price target on shares of Barracuda Networks in a report on Tuesday, September 12th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Barracuda Networks in a report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Barracuda Networks presently has a consensus rating of “Buy” and an average target price of $26.59.

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.

Earnings History for Barracuda Networks (NYSE:CUDA)

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