Barracuda Networks (NYSE:CUDA) is scheduled to be posting its quarterly earnings results after the market closes on Monday, January 8th. Analysts expect Barracuda Networks to post earnings of $0.19 per share for the quarter. Barracuda Networks has set its FY18 guidance at $0.73-0.78 EPS and its Q3 guidance at $0.17-0.19 EPS.

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. On average, analysts expect Barracuda Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Barracuda Networks (NYSE:CUDA) opened at $27.50 on Monday. The firm has a market capitalization of $1,470.00, a P/E ratio of 161.76, a price-to-earnings-growth ratio of 7.28 and a beta of 3.28. Barracuda Networks has a one year low of $19.06 and a one year high of $27.95.

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Barracuda Networks from an “overweight” rating to a “neutral” rating and set a $27.55 price target for the company. in a research note on Tuesday, December 12th. ValuEngine upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research note on Monday, November 27th. Needham & Company LLC downgraded Barracuda Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Stephens downgraded Barracuda Networks from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, November 28th. Finally, Zacks Investment Research upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $27.60.

In related news, CFO Dustin Driggs sold 5,135 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $24.85, for a total value of $127,604.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael D. Hughes sold 1,390 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $21.97, for a total value of $30,538.30. Following the completion of the sale, the senior vice president now owns 155,118 shares of the company’s stock, valued at $3,407,942.46. The disclosure for this sale can be found here. Insiders have sold a total of 855,545 shares of company stock valued at $21,809,181 over the last quarter. 13.90% of the stock is currently owned by corporate insiders.

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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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