Press coverage about Barracuda Networks (NYSE:CUDA) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barracuda Networks earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 66 out of 100, indicating that recent media coverage is likely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Barracuda Networks, Inc. (NYSE:CUDA) Experiences Light Trading Volume – Highlight Press (highlightpress.com)
- Barracuda Networks, Inc. (NYSE:CUDA) Sees Unusual Trading Volume in Its Shares – First News 24 (firstnewspaper24.com)
- Barracuda Networks, Inc. (CUDA) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
- Barracuda Networks, Inc. (CUDA) registers a price change of -0.47% while Mellanox Technologies, Ltd. (MLNX … – Stocks Gallery (stocksgallery.com)
- Barracuda Networks Inc (CUDA) Touches $23.40, Above the Rising Trend – Evergreen Caller (evergreencaller.com)
Barracuda Networks (NYSE:CUDA) opened at 23.16 on Friday. The firm has a 50 day moving average of $22.85 and a 200-day moving average of $22.78. The company has a market capitalization of $1.23 billion, a P/E ratio of 121.89 and a beta of 3.33. Barracuda Networks has a 52 week low of $19.06 and a 52 week high of $26.69.
Barracuda Networks (NYSE:CUDA) last announced its quarterly earnings data on Monday, July 10th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $94.18 million for the quarter, compared to the consensus estimate of $91.18 million. Barracuda Networks had a net margin of 2.81% and a negative return on equity of 1,770.56%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, analysts forecast that Barracuda Networks will post $0.76 earnings per share for the current year.
A number of equities analysts have recently commented on CUDA shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price objective on shares of Barracuda Networks in a report on Tuesday, April 18th. Zacks Investment Research raised shares of Barracuda Networks from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, July 13th. Pacific Crest reaffirmed an “overweight” rating and set a $30.00 price objective on shares of Barracuda Networks in a report on Wednesday, June 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective on shares of Barracuda Networks in a report on Monday, June 26th. Finally, TheStreet raised shares of Barracuda Networks from a “d” rating to a “c” rating in a report on Monday, April 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Barracuda Networks currently has an average rating of “Buy” and a consensus target price of $26.59.
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In other news, Director Michael D. Perone sold 403,060 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $24.13, for a total value of $9,725,837.80. Following the completion of the transaction, the director now owns 3,112,640 shares of the company’s stock, valued at $75,108,003.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Jenkins, Jr. sold 80,612 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $24.02, for a total transaction of $1,936,300.24. Following the completion of the transaction, the chief executive officer now directly owns 621,108 shares of the company’s stock, valued at approximately $14,919,014.16. The disclosure for this sale can be found here. Insiders sold 504,983 shares of company stock valued at $12,136,578 in the last three months. Company 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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