Wall Street analysts forecast that Barracuda Networks Inc (NYSE:CUDA) will report sales of $96.27 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Barracuda Networks’ earnings. The lowest sales estimate is $92.88 million and the highest is $103.75 million. Barracuda Networks posted sales of $89.26 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is expected to report its next quarterly earnings results on Monday, April 16th.
On average, analysts expect that Barracuda Networks will report full year sales of $96.27 million for the current year, with estimates ranging from $374.61 million to $387.00 million. For the next fiscal year, analysts forecast that the business will post sales of $411.83 million per share, with estimates ranging from $399.40 million to $438.74 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Barracuda Networks.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings data on Monday, January 8th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $94.75 million for the quarter, compared to analyst estimates of $93.85 million. Barracuda Networks had a return on equity of 74.59% and a net margin of 4.09%.
Barracuda Networks (NYSE CUDA) opened at $27.54 on Tuesday. The firm has a market capitalization of $1,478.00, a PE ratio of 105.92, a price-to-earnings-growth ratio of 7.52 and a beta of 3.07. Barracuda Networks has a 52-week low of $19.06 and a 52-week high of $27.95.
In other news, SVP Michael D. Hughes sold 1,390 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $3,407,942.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 13.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in CUDA. Pinebridge Investments L.P. acquired a new position in shares of Barracuda Networks during the third quarter worth about $121,000. LS Investment Advisors LLC lifted its stake in Barracuda Networks by 264.7% during the fourth quarter. LS Investment Advisors LLC now owns 5,015 shares of the communications equipment provider’s stock worth $138,000 after purchasing an additional 3,640 shares during the last quarter. Legal & General Group Plc lifted its stake in Barracuda Networks by 15.7% during the second quarter. Legal & General Group Plc now owns 6,112 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 828 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Barracuda Networks during the third quarter worth approximately $162,000. Finally, Exane Derivatives lifted its stake in Barracuda Networks by 1,004.9% during the third quarter. Exane Derivatives now owns 7,624 shares of the communications equipment provider’s stock worth $185,000 after purchasing an additional 6,934 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.
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About Barracuda Networks
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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