News articles about Barracuda Networks (NYSE:CUDA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Barracuda Networks earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 45.7588972522397 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern’s scoring:
- Barracuda Introduces New Cloud-Delivered Web Application Firewall (itbusinessnet.com)
- New Barracuda WAF-as-a-Service provides cloud-delivered web application firewall (wwpi.com)
- Barracuda CEO tells partners: ‘You should expect us to acquire’ (channelweb.co.uk)
- Barracuda Launches Web Application Firewall as a Service (eweek.com)
- Select a data backup appliance with robust functionality (searchdatabackup.techtarget.com)
Separately, Zacks Investment Research cut shares of Barracuda Networks from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $28.76.
Barracuda Networks opened at $27.54 on Thursday, according to MarketBeat.com. Barracuda Networks has a 12-month low of $19.06 and a 12-month high of $27.95.
About Barracuda Networks
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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