The Barracuda Networks Inc (CUDA) VP Sells $49,289.46 in Stock

The Barracuda Networks Inc (CUDA) VP Sells $49,289.46 in Stock

Barracuda Networks Inc (NYSE:CUDA) opened at 21.08 on Tuesday. Barracuda Networks Inc has a 52 week low of $13.91 and a 52 week high of $26.69. The company has a market capitalization of $1.11 billion, a P/E ratio of 110.95 and a beta of 3.43. The stock’s 50 day moving average is $22.03 and its 200 day moving average is $22.95.

Barracuda Networks Inc (NYSE:CUDA) VP Diane Honda sold 2,101 shares of the business’s stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $23.46, for a total transaction of $49,289.46. Following the transaction, the vice president now owns 54,896 shares of the company’s stock, valued at $1,287,860.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings data on Monday, April 17th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Barracuda Networks had a net margin of 2.95% and a negative return on equity of 101.22%. The firm had revenue of $89.26 million during the quarter, compared to analyst estimates of $88.39 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Barracuda Networks’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Barracuda Networks Inc will post $0.77 earnings per share for the current year.

Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings data on Monday, April 17th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Barracuda Networks had a net margin of 2.95% and a negative return on equity of 101.22%. The firm had revenue of $89.26 million during the quarter, compared to analyst estimates of $88.39 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Barracuda Networks’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Barracuda Networks Inc will post $0.77 earnings per share for the current year. Several large investors have recently made changes to their positions in CUDA. Nine Chapters Capital Management LLC purchased a new stake in shares of Barracuda Networks during the first quarter worth about $243,000. State of Wisconsin Investment Board purchased a new stake in shares of Barracuda Networks during the first quarter worth about $10,977,000. Parametric Portfolio Associates LLC raised its stake in shares of Barracuda Networks by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 33,590 shares of the communications equipment provider’s stock worth $776,000 after buying an additional 655 shares in the last quarter. TFS Capital LLC raised its stake in shares of Barracuda Networks by 237.0% in the first quarter. TFS Capital LLC now owns 37,182 shares of the communications equipment provider’s stock worth $859,000 after buying an additional 26,149 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Barracuda Networks during the first quarter worth about $4,867,000. 57.17% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on CUDA. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a report on Wednesday, April 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Barracuda Networks in a report on Wednesday, April 19th. Robert W. Baird reaffirmed a “buy” rating on shares of Barracuda Networks in a report on Tuesday, April 18th. DA Davidson lowered their price target on shares of Barracuda Networks from $25.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, April 18th. Finally, Piper Jaffray Companies lowered their price target on shares of Barracuda Networks from $32.00 to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.85. 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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