$0.07 EPS Expected for Barracuda Networks, Inc. (CUDA)

December 8, 2017 - By Max Morgan

 $0.07 EPS Expected for Barracuda Networks, Inc. (CUDA)
Investors sentiment decreased to 1.11 in 2017 Q2. Its down 1.09, from 2.2 in 2017Q1. It worsened, as 32 investors sold Barracuda Networks, Inc. shares while 44 reduced holdings. 34 funds opened positions while 50 raised stakes. 32.63 million shares or 6.25% more from 30.71 million shares in 2017Q1 were reported.
D E Shaw And Com invested in 164,695 shares or 0.01% of the stock. Edge Wealth Mngmt Ltd Company holds 2,000 shares. Clearbridge Investments Limited Liability Company owns 2.05M shares. Stifel reported 22,718 shares or 0% of all its holdings. Victory Cap Mngmt holds 4,793 shares or 0% of its portfolio. Moreover, State Of Wisconsin Investment Board has 0.04% invested in Barracuda Networks, Inc. (NYSE:CUDA) for 539,030 shares. Pnc Financial Services Group holds 0% or 3,530 shares. Pacad Invest Ltd reported 6,300 shares. Qs Ltd Liability Corporation reported 138,382 shares. Retail Bank Of America De, a North Carolina-based fund reported 787,616 shares. Sentinel Asset Management holds 0.35% of its portfolio in Barracuda Networks, Inc. (NYSE:CUDA) for 621,930 shares. Clarivest Asset Mngmt Limited Liability Com reported 93,838 shares. Peak6 Invests Limited Partnership owns 352 shares or 0% of their US portfolio. Burt Wealth Advisors holds 200 shares. 66,141 were reported by Zacks Invest.

Analysts expect Barracuda Networks, Inc. (NYSE:CUDA) to report $0.07 EPS on January, 8.They anticipate $0.03 EPS change or 30.00 % from last quarter’s $0.1 EPS. CUDA’s profit would be $3.75M giving it 98.36 P/E if the $0.07 EPS is correct. After having $0.06 EPS previously, Barracuda Networks, Inc.’s analysts see 16.67 % EPS growth. The stock increased 0.29% or $0.08 during the last trading session, reaching $27.54. About 1.36 million shares traded or 11.46% up from the average. Barracuda Networks, Inc. (NYSE:CUDA) has risen 38.20% since December 8, 2016 and is uptrending. It has outperformed by 21.50% the S&P500.

Barracuda Networks, Inc. (NYSE:CUDA) Ratings Coverage

Among 23 analysts covering Barracuda Networks (NYSE:CUDA), 8 have Buy rating, 0 Sell and 15 Hold. Therefore 35% are positive. Barracuda Networks had 73 analyst reports since August 18, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, October 12 by BTIG Research. Imperial Capital maintained the shares of CUDA in report on Wednesday, January 11 with “Underperform” rating. Imperial Capital downgraded it to “Underperform” rating and $20 target in Tuesday, October 4 report. Summit Redstone Partners initiated the stock with “Hold” rating in Friday, July 1 report. The rating was maintained by Needham with “Buy” on Friday, October 20. The firm has “Buy” rating given on Sunday, September 10 by Stifel Nicolaus. The rating was maintained by BTIG Research with “Buy” on Thursday, July 20. The stock of Barracuda Networks, Inc. (NYSE:CUDA) has “Buy” rating given on Thursday, September 10 by BTIG Research. Piper Jaffray maintained the stock with “Buy” rating in Monday, July 10 report. The company was maintained on Monday, May 2 by Imperial Capital.

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has market cap of $1.48 billion. The firm offers cloud-enabled solutions that enable clients to address security threats, enhance network performance, and protect and store their data. It has a 162 P/E ratio. It provides various security solutions, including Barracuda Essentials for Email Security that offers multi-layer cloud protection against email attacks, data loss, and business disruption; Barracuda Email Threat Scan/Barracuda Email Threat Scanner, a cloud service that examines Office 365 mailboxes to identify latent threats and provide administrators with an in-depth view of their risk profile; and Barracuda Web Security Gateway, a solution to protect users from Web threats, and enhance productivity and optimize bandwidth.

More notable recent Barracuda Networks, Inc. (NYSE:CUDA) news were published by: Reuters.com which released: “Barracuda Networks to be taken private for $1.47 billion” on November 27, 2017, also Seekingalpha.com with their article: “Barracuda Networks: Shift To Cloud Yielding Results, More Upside Ahead” published on October 09, 2017, Businesswire.com published: “BARRACUDA NETWORKS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces …” on November 27, 2017. More interesting news about Barracuda Networks, Inc. (NYSE:CUDA) were released by: Prnewswire.com and their article: “BARRACUDA NETWORKS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA …” published on November 28, 2017 as well as Bizjournals.com‘s news article titled: “Barracuda Networks acquires cloud archiving startup” with publication date: November 08, 2017.

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