A number of research firms have changed their ratings and price targets for Barracuda Networks (NYSE: CUDA):

  • 10/24/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $29.00 price target on the stock. They wrote, “We hosted investor meetings with Barracuda management last week. No surprise, the ongoing business model transition to more subscriptions and cloud-based delivery remained a common theme.””
  • 10/15/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They wrote, “We spent time with several teenagers this week to better understand how they used the social media platforms. It was eye-opening how engaged the teenagers were with Snapchat. Snapchat was by far their favorite social media platform, followed by Instagram, and Facebook. The teens pointed to the Maps feature on Snapchat as one of their favorites. What’s more, all stated that they plan to continue using the app in college and beyond. Instagram was a close second with all the teens believing that Instagram has done an effective job mimicking the Snapchat features. Several teens used the word boring” to describe Facebook and they all stated that their time spent on Facebook had diminished over the past year. However, they maintain a presence on the platform and check in often, primarily for news and events.””
  • 10/13/2017 – Barracuda Networks was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Barracuda Networks, Inc. is engaged in designing and delivering security and storage solutions. Its products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. It offers cloud-connected solutions that help its customers address security threats, enhance network performance, and protect and store their data. Barracuda Networks, Inc. is headquartered in Campbell, California. “
  • 10/11/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $30.00 price target on the stock.
  • 10/11/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $35.00 price target on the stock.
  • 10/11/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $29.00 price target on the stock.
  • 10/9/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $30.00 price target on the stock.
  • 10/7/2017 – Barracuda Networks was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/23/2017 – Barracuda Networks was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/12/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $32.00 price target on the stock.
  • 9/12/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $28.00 price target on the stock.
  • 9/8/2017 – Barracuda Networks was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Barracuda Networks, Inc. (NYSE CUDA) opened at 23.16 on Tuesday. The company has a market capitalization of $1.23 billion, a PE ratio of 136.24 and a beta of 3.27. Barracuda Networks, Inc. has a 12 month low of $19.06 and a 12 month high of $26.16. The firm’s 50-day moving average is $24.02 and its 200 day moving average is $22.87.

Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $94.30 million during the quarter, compared to analysts’ expectations of $93.32 million. Barracuda Networks had a net margin of 2.52% and a return on equity of 197.30%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. Equities research analysts predict that Barracuda Networks, Inc. will post $0.75 EPS for the current year.

In related news, CEO William D. Jenkins, Jr. sold 16,500 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $24.00, for a total transaction of $396,000.00. Following the transaction, the chief executive officer now directly owns 604,608 shares in the company, valued at $14,510,592. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael D. Perone sold 236,987 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $24.02, for a total transaction of $5,692,427.74. Following the transaction, the director now owns 2,988,898 shares in the company, valued at $71,793,329.96. The disclosure for this sale can be found here. Insiders have sold 3,062,431 shares of company stock valued at $75,302,076 over the last quarter. Corporate insiders own 13.90% of the company’s stock.

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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