Barracuda Networks Inc (NYSE:CUDA) – Equities researchers at Imperial Capital dropped their Q4 2018 earnings estimates for Barracuda Networks in a note issued to investors on Wednesday. Imperial Capital analyst M. Kim now anticipates that the communications equipment provider will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.11. Imperial Capital has a “line” rating and a $27.55 price objective on the stock.

A number of other equities analysts have also recently weighed in on CUDA. BidaskClub cut shares of Barracuda Networks from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 23rd. Rosenblatt Securities restated a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a research report on Monday, October 9th. KeyCorp restated a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a research report on Wednesday, October 11th. JPMorgan Chase & Co. restated a “buy” rating and set a $35.00 price objective on shares of Barracuda Networks in a research report on Wednesday, October 11th. Finally, Robert W. Baird restated a “buy” rating and set a $29.00 price objective on shares of Barracuda Networks in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Barracuda Networks has an average rating of “Hold” and a consensus target price of $28.19.

Barracuda Networks (NYSE:CUDA) remained flat at $$27.50 during trading hours on Monday. The company’s stock had a trading volume of 545,100 shares, compared to its average volume of 1,255,189. The company has a market capitalization of $1,475.85, a price-to-earnings ratio of 98.21, a PEG ratio of 7.27 and a beta of 3.28. Barracuda Networks has a one year low of $19.06 and a one year high of $27.95.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings data on Monday, January 8th. The communications equipment provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). Barracuda Networks had a return on equity of 74.59% and a net margin of 4.09%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new stake in shares of Barracuda Networks in the third quarter valued at about $212,000. Cubist Systematic Strategies LLC purchased a new position in Barracuda Networks during the third quarter worth about $275,000. Segall Bryant & Hamill LLC boosted its stake in Barracuda Networks by 523.0% during the third quarter. Segall Bryant & Hamill LLC now owns 197,441 shares of the communications equipment provider’s stock worth $4,784,000 after buying an additional 165,748 shares during the period. Allianz Asset Management GmbH boosted its stake in Barracuda Networks by 274.2% during the third quarter. Allianz Asset Management GmbH now owns 247,939 shares of the communications equipment provider’s stock worth $6,008,000 after buying an additional 181,678 shares during the period. Finally, Engineers Gate Manager LP boosted its stake in Barracuda Networks by 147.8% during the third quarter. Engineers Gate Manager LP now owns 58,701 shares of the communications equipment provider’s stock worth $1,422,000 after buying an additional 35,014 shares during the period. 75.69% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Michael D. Hughes sold 2,015 shares of the company’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $22.60, for a total value of $45,539.00. Following the completion of the sale, the senior vice president now owns 155,033 shares of the company’s stock, valued at $3,503,745.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Hughes sold 1,390 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $21.97, for a total transaction of $30,538.30. Following the completion of the sale, the senior vice president now directly owns 155,118 shares of the company’s stock, valued at approximately $3,407,942.46. The disclosure for this sale can be found here. Insiders sold 4,655 shares of company stock valued at $104,952 over the last quarter. Company insiders own 13.90% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Barracuda Networks Inc (CUDA) Forecasted to Post Q4 2018 Earnings of $0.09 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/15/barracuda-networks-inc-cuda-forecasted-to-post-q4-2018-earnings-of-0-09-per-share.html.

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.

Receive News & Ratings for Barracuda Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barracuda Networks and related companies with MarketBeat.com's FREE daily email newsletter.