Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Barracuda Networks (CUDA) Stock Price
News headlines about Barracuda Networks (NYSE:CUDA) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Barracuda Networks earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 45.0205225238923 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Barracuda : The Perils of File Transfer Remain Underappreciated in Most… (opens in new window) (4-traders.com)
- Barracuda : What is a cloud generation firewall? (opens in new window) (4-traders.com)
- Barracuda releases new DevOps features for its cloud firewall products (siliconangle.com)
- Barracuda Enhances Its Firewalls For the Cloud-Generation (storagereview.com)
- Barracuda Expands Public Cloud Option for Firewalls (channelpartnersonline.com)
Several research analysts have weighed in on CUDA shares. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 target price on shares of Barracuda Networks in a research note on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating on shares of Barracuda Networks in a research note on Sunday, October 15th. KeyCorp reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research note on Wednesday, October 11th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Barracuda Networks in a research note on Tuesday, September 12th. Finally, BidaskClub lowered shares of Barracuda Networks from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.10.
Shares of Barracuda Networks (CUDA) traded up $0.33 during trading on Friday, hitting $22.05. 376,000 shares of the stock were exchanged, compared to its average volume of 789,773. The firm has a market cap of $1,170.00, a PE ratio of 70.07, a price-to-earnings-growth ratio of 5.79 and a beta of 3.22. Barracuda Networks has a fifty-two week low of $19.06 and a fifty-two week high of $26.16.
Barracuda Networks (NYSE:CUDA) last announced its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $94.30 million for the quarter, compared to analysts’ expectations of $93.32 million. Barracuda Networks had a net margin of 2.52% and a return on equity of 197.30%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. sell-side analysts forecast that Barracuda Networks will post 0.31 earnings per share for the current fiscal year.
In other Barracuda Networks news, SVP Michael D. Hughes sold 2,015 shares of the business’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $22.60, for a total value of $45,539.00. Following the transaction, the senior vice president now directly owns 155,033 shares of the company’s stock, valued at approximately $3,503,745.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dustin Driggs sold 1,250 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $23.10, for a total transaction of $28,875.00. Following the completion of the transaction, the chief financial officer now directly owns 102,905 shares in the company, valued at $2,377,105.50. The disclosure for this sale can be found here. Insiders sold a total of 2,666,169 shares of company stock worth $65,785,199 over the last ninety days. Corporate insiders own 13.90% of the company’s stock.
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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