Barracuda Networks (CUDA) Receiving Somewhat Favorable Press Coverage, Report Finds
Media stories about Barracuda Networks (NYSE:CUDA) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barracuda Networks earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 47.3383105188446 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Barracuda Networks (NYSE:CUDA) opened at $27.52 on Friday. Barracuda Networks has a 52 week low of $19.06 and a 52 week high of $27.95. The firm has a market capitalization of $1,475.71, a PE ratio of 88.81, a P/E/G ratio of 7.34 and a beta of 3.28.
Barracuda Networks (NYSE:CUDA) last announced its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business had revenue of $94.30 million during the quarter, compared to analysts’ expectations of $93.32 million. During the same quarter last year, the business posted $0.21 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. sell-side analysts predict that Barracuda Networks will post 0.31 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on CUDA shares. Robert W. Baird reissued a “buy” rating and issued a $29.00 price target on shares of Barracuda Networks in a research note on Wednesday, October 11th. J P Morgan Chase & Co reissued a “buy” rating and issued a $35.00 price target on shares of Barracuda Networks in a research note on Wednesday, October 11th. KeyCorp reissued a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a research note on Wednesday, October 11th. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a research note on Monday, October 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Barracuda Networks in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.60.
In related news, SVP Michael D. Hughes sold 1,390 shares of the stock in a transaction on 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 in the company, valued at approximately $3,407,942.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Jenkins, Jr. sold 16,500 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $24.30, for a total value of $400,950.00. The disclosure for this sale can be found here. Insiders have sold 1,879,289 shares of company stock valued at $46,711,195 in the last ninety days. Company insiders own 13.90% of the company’s stock.
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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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