News coverage about Barracuda Networks (NYSE:CUDA) has trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barracuda Networks earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 45.3968384746176 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Estimating The Fair Value Of Barracuda Networks Inc (NYSE:CUDA) (finance.yahoo.com)
- Barracuda Networks Inc (CUDA) Expected to Post Quarterly Sales of $96.27 Million (americanbankingnews.com)
- Thoma Bravo completes Barracuda Networks acquisition (pehub.com)
- Barracuda Networks (CUDA) Completes Acquisition of Barracuda (CUDA) (streetinsider.com)
- Thoma Bravo Completes Acquisition of Barracuda (finance.yahoo.com)
Barracuda Networks (NYSE CUDA) opened at $27.54 on Wednesday. The stock has a market capitalization of $1,480.00, a price-to-earnings ratio of 98.36, a PEG ratio of 7.52 and a beta of 3.06. Barracuda Networks has a 12-month low of $19.06 and a 12-month high of $27.95.
Barracuda Networks (NYSE:CUDA) last issued its quarterly earnings results on Monday, January 8th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $94.75 million for the quarter, compared to analyst estimates of $93.85 million. Barracuda Networks had a return on equity of 74.59% and a net margin of 4.09%. research analysts predict that Barracuda Networks will post 0.31 EPS for the current fiscal year.
CUDA has been the subject of a number of recent research reports. Robert W. Baird reissued a “buy” rating and issued a $29.00 price objective on shares of Barracuda Networks in a research note on Tuesday, October 24th. BidaskClub raised shares of Barracuda Networks from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $30.00 price objective on shares of Barracuda Networks in a research note on Friday, November 10th. Rosenblatt Securities downgraded shares of Barracuda Networks from a “buy” rating to a “neutral” rating in a research note on Monday, November 27th. Finally, Piper Jaffray Companies downgraded shares of Barracuda Networks from an “overweight” rating to a “neutral” rating in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.19.
In other news, SVP Michael D. Hughes sold 1,390 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $21.97, for a total transaction of $30,538.30. Following the transaction, the senior vice president now directly owns 155,118 shares of the company’s stock, valued at $3,407,942.46. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.
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