Barracuda Networks, Inc. (NYSE:CUDA) Moves Into Potential Pullback Territory

Lloyd Doyle
November 28, 2017

The Company's Personal Care segment offers various solutions and products, such as disposable diapers, training and youth trousers, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Barracuda Networks (NYSE:CUDA) traded up 0.81% during midday trading on Tuesday, hitting $22.44. The firm's 50-day moving average price is $21.71 and its 200 day moving average price is $22.82. As per Friday, May 20, the company rating was initiated by Northland Capital. Imperial Capital has "Underperform" rating and $21 target. The rating was downgraded by Pacific Crest on Friday, January 8 to "Sector Weight". BTIG Research reiterated a "buy" rating and set a $30.00 target price (up from $28.00) on shares of Barracuda Networks in a research report on Tuesday, January 10th. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. "(CUDA) Upgraded by ValuEngine to Hold" was reported by Week Herald and is owned by of Week Herald. "On Wednesday, April 27 the stock rating was maintained by Summit Research with ".

To be fair, the move also came on the heels of a big post-earnings plunge last month.

"Barracuda will operate as a privately-held company with a continued focus on email security and management, network and application security, and data-protection solutions", Barracuda said in a press release November 27. The company has market cap of $416.74 million. It will still continue to focus on "email security and management, network and application security, and data protection solutions" once the deal is complete. It has a 161.94 P/E ratio. Its solutions are created to manage information technology operations for its customers.

The offer of $27.55 per share represents a premium of 16.3 percent to Barracuda's Friday close. It has outperformed by 5.70% the S&P500.

Investors sentiment decreased to 1.11 in 2017 Q2. Its down 1.09, from 2.2 in 2017Q1.

Barracuda Networks Inc (NYSE:CUDA)'s revenue estimates for the current quarter are $93.84 Million according to 15 number of analysts, for the current quarter the company has high revenue estimates of $94.59 Million in contradiction of low revenue estimates of $92.5 Million. Parametric Assoc Lc holds 0% or 26,213 shares. Alphamark Advsrs Ltd Llc reported 44,200 shares. Strs Ohio accumulated 238,751 shares. Renaissance Grp Lc invested in 14,118 shares.

In other Barracuda Networks news, Director Michael D. Perone sold 108,258 shares of the company's stock in a transaction dated Monday, October 9th. Deutsche National Bank Ag owns 286,749 shares. Qs Invsts Ltd Llc accumulated 138,382 shares or 0.03% of the stock. Vanguard Group Inc. raised its stake in Barracuda Networks by 19.0% in the first quarter. 294,076 were accumulated by Century Companies. Trexquant Investment Lp accumulated 0.15% or 24,273 shares. Legacy Private Trust Co. owns 310,429 shares or 5.07% of their United States portfolio.

Several institutional investors and hedge funds have recently modified their holdings of the company. The California-based Cornerstone Capital Inc. has invested 3.3% in the stock. Barracuda Networks now has a consensus rating of Hold and a consensus price target of $28.10. Share performance for the month is now at 1.98%. The stock has "Neutral" rating by B. Riley & Co on Tuesday, October 25. (NYSE:CUDA), with 8 analysts believing it is a strong buy. They expect $0.07 EPS, down 30.00% or $0.03 from last year's $0.1 per share. CUDA has diverse figures for different time frames; starting from week's performance it going forward toward positive percentage of 25.12% in last five regular trading sessions.

About 6.62 million shares traded or 737.49% up from the average. Kimberly Clark Corp (KMB) has risen 0.32% since November 28, 2016 and is uptrending.

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