Barracuda Networks Inc. (NYSE:CUDA) is scheduled to release its Q217 earnings data on Tuesday, October 11th. Analysts expect Barracuda Networks to post earnings of $0.82 per share and revenue of $1.72 billion for the quarter.

Earnings History for Barracuda Networks (NYSE:CUDA)

Barracuda Networks Inc. (NYSE:CUDA) opened at 23.83 on Monday. Barracuda Networks Inc. has a 52 week low of $9.44 and a 52 week high of $25.77. The company has a market capitalization of $1.24 billion, a PE ratio of 595.75 and a beta of 3.61. The stock’s 50 day moving average is $23.75 and its 200 day moving average is $18.96.

A number of research firms recently commented on CUDA. JMP Securities reaffirmed a “sell” rating on shares of Barracuda Networks in a research note on Saturday, July 9th. DA Davidson reaffirmed a “neutral” rating and issued a $15.50 price objective on shares of Barracuda Networks in a research note on Wednesday, July 6th. Zacks Investment Research raised Barracuda Networks from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, July 8th. Vetr lowered Barracuda Networks from a “strong-buy” rating to a “buy” rating and set a $26.50 price objective on the stock. in a research note on Monday, September 5th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Barracuda Networks in a research note on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.07.

In related news, major shareholder Dean M. Drako sold 60,000 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $19.62, for a total transaction of $1,177,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Faugno sold 25,000 shares of the company’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $19.90, for a total value of $497,500.00. The disclosure for this sale can be found here. Corporate insiders own 39.60% of the company’s stock.

Large investors have recently made changes to their positions in the company. US Bancorp DE increased its position in shares of Barracuda Networks by 199.2% in the second quarter. US Bancorp DE now owns 7,057 shares of the company’s stock worth $107,000 after buying an additional 4,698 shares during the period. BlackRock Advisors LLC increased its position in shares of Barracuda Networks by 60.8% in the second quarter. BlackRock Advisors LLC now owns 10,312 shares of the company’s stock worth $156,000 after buying an additional 3,900 shares during the period. AHL Partners LLP acquired a new position in shares of Barracuda Networks during the second quarter worth about $158,000. Algert Global LLC acquired a new position in shares of Barracuda Networks during the second quarter worth about $182,000. Finally, Pacad Investment Ltd. acquired a new position in shares of Barracuda Networks during the second quarter worth about $183,000. Institutional investors and hedge funds own 54.20% of the company’s stock.

About Barracuda Networks

Barracuda Networks, Inc (Barracuda Networks) designs and delivers security and storage solutions. The Company offers cloud-connected solutions for its customers to address security threats, improve network performance and protect and store their data. The Company’s security and storage solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity, and are offered on a subscription basis.

5 Day Chart for NYSE:CUDA

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