$0.22 EPS Expected for Barracuda Networks Inc (CUDA) This Quarter

Wall Street brokerages predict that Barracuda Networks Inc (NYSE:CUDA) will report earnings per share (EPS) of $0.22 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Barracuda Networks’ earnings, with estimates ranging from $0.20 to $0.23. Barracuda Networks posted earnings per share of $0.19 during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The company is scheduled to issue its next earnings results on Monday, April 16th.

According to Zacks, analysts expect that Barracuda Networks will report full year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.73 to $0.79. For the next year, analysts expect that the company will post earnings of $0.89 per share, with EPS estimates ranging from $0.84 to $0.96. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Barracuda Networks.

Barracuda Networks (NYSE:CUDA) last posted its quarterly earnings results on Monday, January 8th. The communications equipment provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Barracuda Networks had a return on equity of 74.59% and a net margin of 4.09%. The business had revenue of $94.75 million for the quarter, compared to analyst estimates of $93.85 million.

A number of research firms have recently commented on CUDA. Stifel Nicolaus cut Barracuda Networks from a “buy” rating to a “hold” rating in a report on Monday, November 27th. Zacks Investment Research cut Barracuda Networks from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub raised Barracuda Networks from a “sell” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp reissued a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a report on Friday, November 10th. Finally, Rosenblatt Securities cut Barracuda Networks from a “buy” rating to a “neutral” rating in a report on Monday, November 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.19.

In other Barracuda Networks news, SVP Michael D. Hughes sold 1,390 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $21.97, for a total value of $30,538.30. Following the completion of the transaction, the senior vice president now owns 155,118 shares of the company’s stock, valued at approximately $3,407,942.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Barracuda Networks by 7.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,934,104 shares of the communications equipment provider’s stock worth $67,660,000 after purchasing an additional 204,731 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Barracuda Networks by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,462,802 shares of the communications equipment provider’s stock worth $35,443,000 after purchasing an additional 69,759 shares in the last quarter. Rothschild Asset Management Inc. increased its holdings in Barracuda Networks by 5.9% in the 3rd quarter. Rothschild Asset Management Inc. now owns 900,328 shares of the communications equipment provider’s stock worth $21,815,000 after purchasing an additional 50,500 shares in the last quarter. Gabelli Funds LLC acquired a new position in Barracuda Networks in the 4th quarter worth about $18,279,000. Finally, Ameriprise Financial Inc. increased its holdings in Barracuda Networks by 86.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 605,659 shares of the communications equipment provider’s stock worth $14,675,000 after purchasing an additional 280,887 shares in the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

Barracuda Networks (CUDA) opened at $27.54 on Friday. Barracuda Networks has a fifty-two week low of $19.06 and a fifty-two week high of $27.95. The company has a market capitalization of $1,477.99, a price-to-earnings ratio of 98.36, a PEG ratio of 7.28 and a beta of 3.07.

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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.

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