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

December 30, 2017 – By Darrin Black

Investors sentiment increased to 1.8 in Q3 2017. Its up 0.69, from 1.11 in 2017Q2. It is positive, as 21 investors sold Barracuda Networks, Inc. shares while 33 reduced holdings. 38 funds opened positions while 59 raised stakes. 38.28 million shares or 17.31% more from 32.63 million shares in 2017Q2 were reported.
Moreover, Symphony Asset Lc has 0.1% invested in Barracuda Networks, Inc. (NYSE:CUDA). Ubs Asset Americas reported 21,056 shares. State Of Wisconsin Inv Board invested in 368,700 shares or 0.03% of the stock. Great West Life Assurance Can holds 52,500 shares. Sentinel Asset Mgmt Incorporated holds 0.37% or 631,340 shares in its portfolio. Product Prtn Lc holds 0.14% or 168,500 shares. Geode Cap Management Limited Liability owns 277,323 shares. Stifel Fincl Corp reported 0% stake. Comerica Bank & Trust reported 42,567 shares. Invesco owns 193,769 shares for 0% of their portfolio. Jacobs Levy Equity Management invested in 0.01% or 30,500 shares. Fil Ltd has invested 0% of its portfolio in Barracuda Networks, Inc. (NYSE:CUDA). Teachers Retirement Sys Of The State Of Kentucky holds 0% of its portfolio in Barracuda Networks, Inc. (NYSE:CUDA) for 6,700 shares. 94,862 were reported by Citadel Advsr Llc. National Bank Of Montreal Can holds 0% or 149,678 shares in its portfolio.

Since August 1, 2017, it had 0 insider buys, and 19 insider sales for $74.39 million activity. 2,015 shares were sold by Hughes Michael D, worth $45,539. Driggs Dustin sold $127,583 worth of Barracuda Networks, Inc. (NYSE:CUDA) on Monday, October 2. $400,950 worth of Barracuda Networks, Inc. (NYSE:CUDA) was sold by Jenkins William D Jr on Monday, October 2.

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 $3.75 million giving it 98.21 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 0.29% or $0.08 during the last trading session, reaching $27.5. About 1.09 million shares traded. Barracuda Networks, Inc. (NYSE:CUDA) has risen 38.20% since December 30, 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 has $42 highest and $12 lowest target. $25.40’s average target is -7.64% below currents $27.5 stock price. Barracuda Networks had 74 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was downgraded by JMP Securities to “Market Perform” on Friday, January 8. The company was maintained on Thursday, October 5 by Northland Capital. BTIG Research maintained Barracuda Networks, Inc. (NYSE:CUDA) on Thursday, July 20 with “Buy” rating. The stock of Barracuda Networks, Inc. (NYSE:CUDA) earned “Buy” rating by Piper Jaffray on Tuesday, August 15. The stock has “Equal-Weight” rating by Stephens on Tuesday, November 28. Stifel Nicolaus maintained Barracuda Networks, Inc. (NYSE:CUDA) on Monday, July 17 with “Buy” rating. As per Wednesday, April 19, the company rating was maintained by Robert W. Baird. The stock of Barracuda Networks, Inc. (NYSE:CUDA) earned “Market Perform” rating by William Blair on Friday, January 8. Needham downgraded the shares of CUDA in report on Tuesday, November 28 to “Hold” rating. The stock has “Underperform” rating by Imperial Capital on Tuesday, October 4.

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 161.76 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: Seekingalpha.com which released: “Inspecting Barracuda’s Private Buyout” on December 12, 2017, also Businesswire.com with their article: “INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale …” published on December 04, 2017, Fool.com published: “Why Barracuda Networks Inc. Stock Climbed 18.6% in November” on December 05, 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: “RingCentral -1.4% as part of JPMorgan’s software downgrades” with publication date: December 12, 2017.