Several brokerages have updated their recommendations and price targets on shares of Barracuda Networks (NYSE: CUDA) in the last few weeks:

  • 11/28/2017 – Barracuda Networks was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
  • 11/28/2017 – Barracuda Networks was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
  • 11/27/2017 – Barracuda Networks was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/27/2017 – Barracuda Networks was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
  • 11/27/2017 – Barracuda Networks was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating.
  • 11/27/2017 – Barracuda Networks was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.
  • 11/27/2017 – Barracuda Networks was downgraded by analysts at Rosenblatt Securities from a “buy” rating to a “neutral” rating.
  • 11/10/2017 – Barracuda Networks had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $30.00 price target on the stock.
  • 11/4/2017 – Barracuda Networks was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/27/2017 – Barracuda Networks was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 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 Robert W. Baird. They now have a $29.00 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 KeyCorp. They now have a $30.00 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.

Barracuda Networks, Inc. (NYSE CUDA) traded up $0.08 during mid-day trading on Wednesday, reaching $27.58. The company’s stock had a trading volume of 1,998,800 shares, compared to its average volume of 850,199. The company has a market capitalization of $1,460.00, a P/E ratio of 88.71, a price-to-earnings-growth ratio of 7.34 and a beta of 3.28. Barracuda Networks, Inc. has a 12-month low of $19.06 and a 12-month high of $27.75.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. The firm had revenue of $94.30 million during the quarter, compared to the consensus estimate of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. sell-side analysts predict that Barracuda Networks, Inc. will post 0.31 earnings per share for the current fiscal year.

In other news, SVP Michael D. Hughes sold 1,390 shares of Barracuda Networks stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $21.97, for a total transaction of $30,538.30. Following the completion of the transaction, the senior vice president now directly owns 155,118 shares in the company, valued at approximately $3,407,942.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael D. Hughes sold 2,015 shares of Barracuda Networks stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $22.60, for a total value of $45,539.00. Following the transaction, the senior vice president now owns 155,033 shares of the company’s stock, valued at $3,503,745.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,341,774 shares of company stock valued at $57,935,267. 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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