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

December 20, 2017 - By Darrin Black

 $0.07 EPS Expected for Barracuda Networks, Inc. (CUDA)
Investors sentiment decreased to 1.11 in Q2 2017. Its down 1.09, from 2.2 in 2017Q1. It dropped, 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.
Legal And General Group Public Ltd Com reported 6,112 shares. Citigroup accumulated 3,860 shares. Numeric Invsts Ltd Liability Co has invested 0.06% in Barracuda Networks, Inc. (NYSE:CUDA). Spark Invest Mgmt Limited Liability Com reported 0.04% stake. Schwab Charles Inv Inc holds 346,753 shares or 0.01% of its portfolio. Dimensional Fund Ltd Partnership has invested 0.01% in Barracuda Networks, Inc. (NYSE:CUDA). 26,330 were reported by Rhumbline Advisers. Sentinel Asset Management Inc invested in 0.35% or 621,930 shares. Cornercap Inv Counsel invested in 0.23% or 58,765 shares. California-based Primecap Management Ca has invested 0.02% in Barracuda Networks, Inc. (NYSE:CUDA). 357,733 were reported by Goldman Sachs Gru. State Common Retirement Fund invested in 171,020 shares or 0.01% of the stock. Barclays Public Ltd Co has 24,956 shares. Moreover, Cornerstone Capital Management Limited Liability has 0.02% invested in Barracuda Networks, Inc. (NYSE:CUDA). Systematic Fincl Mgmt Lp holds 2.17 million shares.

Since August 1, 2017, it had 0 insider buys, and 19 insider sales for $74.39 million activity. Perone Michael D sold $9.24M worth of Barracuda Networks, Inc. (NYSE:CUDA) on Monday, October 2. Jenkins William D Jr had sold 16,500 shares worth $396,000. $127,583 worth of Barracuda Networks, Inc. (NYSE:CUDA) was sold by Driggs Dustin.

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 98.00 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 decreased 0.11% or $0.03 during the last trading session, reaching $27.44. About 1.42 million shares traded or 7.43% up from the average. Barracuda Networks, Inc. (NYSE:CUDA) has risen 38.20% since December 20, 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), 7 have Buy rating, 0 Sell and 16 Hold. Therefore 30% are positive. Barracuda Networks had 74 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Underperform” rating by DA Davidson on Friday, August 12. The stock has “Buy” rating by BTIG Research on Wednesday, October 12. The stock has “Equal-Weight” rating by Stephens on Friday, January 8. As per Tuesday, September 29, the company rating was initiated by Stifel Nicolaus. The stock of Barracuda Networks, Inc. (NYSE:CUDA) earned “Buy” rating by Robert W. Baird on Wednesday, April 19. The stock of Barracuda Networks, Inc. (NYSE:CUDA) has “Sector Weight” rating given on Friday, January 8 by Pacific Crest. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Wednesday, November 29. The stock of Barracuda Networks, Inc. (NYSE:CUDA) earned “Hold” rating by Summit Redstone Partners on Friday, July 1. The rating was upgraded by Imperial Capital on Wednesday, April 19 to “In-Line”. As per Wednesday, April 19, the company rating was maintained by Stifel Nicolaus.

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has market cap of $1.47 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 161.41 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: Prnewswire.com which released: “BARRACUDA NETWORKS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA …” on November 28, 2017, also Businesswire.com with their article: “BARRACUDA NETWORKS, INC. SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces …” published on November 27, 2017, Techcrunch.com published: “Security business Barracuda Networks acquired for $1.6 billion” on November 27, 2017. More interesting news about Barracuda Networks, Inc. (NYSE:CUDA) were released by: Nasdaq.com and their article: “Awingu and Barracuda Networks to Deliver a Unified Workspace for the Hybrid Cloud” published on December 19, 2017 as well as Seekingalpha.com‘s news article titled: “Inspecting Barracuda’s Private Buyout” with publication date: December 12, 2017.

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