News articles about Barracuda Networks (NYSE:CUDA) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barracuda Networks earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 45.6076950575706 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

Shares of Barracuda Networks (NYSE:CUDA) opened at $27.51 on Friday. Barracuda Networks has a 52-week low of $19.06 and a 52-week high of $27.75. The firm has a market capitalization of $1,482.14, a price-to-earnings ratio of 89.19, a PEG ratio of 7.38 and a beta of 3.28.

Barracuda Networks (NYSE:CUDA) last released its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business had revenue of $94.30 million during the quarter, compared to the consensus estimate of $93.32 million. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. equities analysts expect that Barracuda Networks will post 0.31 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. J P Morgan Chase & Co restated a “buy” rating and issued a $35.00 price target on shares of Barracuda Networks in a research report on Wednesday, October 11th. Stifel Nicolaus restated a “buy” rating and issued a $32.00 price target on shares of Barracuda Networks in a research report on Tuesday, September 12th. BidaskClub upgraded Barracuda Networks from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $30.00 price target on shares of Barracuda Networks in a research report on Friday, November 10th. Finally, Rosenblatt Securities downgraded Barracuda Networks from a “buy” rating to a “neutral” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.10.

In other news, CFO Dustin Driggs sold 1,250 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.37, for a total transaction of $30,462.50. Following the transaction, the chief financial officer now owns 101,843 shares in the company, valued at $2,481,913.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael D. Hughes sold 1,390 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $21.97, for a total value of $30,538.30. Following the transaction, the senior vice president now owns 155,118 shares in the company, valued at approximately $3,407,942.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,649,809 shares of company stock valued at $65,389,370. Corporate insiders own 13.90% of the company’s stock.

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Barracuda Networks Company Profile

Barracuda Networks, Inc designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.

Insider Buying and Selling by Quarter for Barracuda Networks (NYSE:CUDA)

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