$0.07 EPS Expected for Barracuda Networks Inc (CUDA)

September 17, 2017 - By Ellis Scott

 $0.07 EPS Expected for Barracuda Networks Inc (CUDA)
Investors sentiment increased to 2.18 in 2016 Q4. Its up 0.48, from 1.7 in 2016Q3. It is positive, as 17 investors sold Barracuda Networks Inc shares while 27 reduced holdings. 40 funds opened positions while 56 raised stakes. 26.83 million shares or 1.96% less from 27.37 million shares in 2016Q3 were reported.
Chicago Equity Prtnrs Limited Liability accumulated 37,570 shares. Walleye Trading Limited holds 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA) for 1,855 shares. United Kingdom-based Blackrock Group Ltd has invested 0% in Barracuda Networks Inc (NYSE:CUDA). Citigroup Inc accumulated 0% or 25,895 shares. First Personal Services holds 1,347 shares. New York State Common Retirement Fund stated it has 0% in Barracuda Networks Inc (NYSE:CUDA). Wisconsin-based Cortina Asset Mngmt Lc has invested 0.12% in Barracuda Networks Inc (NYSE:CUDA). Bogle Investment Mngmt L P De has 377,974 shares. Francisco Prns Mngmt L P reported 2.65M shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp invested 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Principal Fin Incorporated stated it has 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Blackrock Inc holds 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA) for 2,082 shares. Price T Rowe Assocs Incorporated Md reported 542,176 shares. Parametric Portfolio Associate Limited Liability Corp stated it has 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Pdts Ptnrs Limited Liability Co has 0.1% invested in Barracuda Networks Inc (NYSE:CUDA).

Since April 3, 2017, it had 0 insider purchases, and 5 insider sales for $346,412 activity. The insider Driggs Dustin sold 1,250 shares worth $27,863.

Investors wait Barracuda Networks Inc (NYSE:CUDA) to report on October, 10 after the close. its quarterly earnings Wall Street analysts expect $0.07 earnings per share, up $0.01 or 16.67 % from last year’s $0.06 same quarter earnings. This translates into $3.71M profit for CUDA giving the stock a 87.61 P/E. This is assuming the current $0.07 EPS is accurate. Barracuda Networks Inc’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.07 EPS reproted in the previous quarter, The stock increased 0.74% or $0.18 on September 15, reaching $24.53. About 2.95M shares traded or 235.99% up from the average. Barracuda Networks Inc (NYSE:CUDA) has risen 38.20% since September 17, 2016 and is uptrending. It has outperformed by 21.50% the S&P500.

Barracuda Networks Inc (NYSE:CUDA) Ratings Coverage

Among 22 analysts covering Barracuda Networks (NYSE:CUDA), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Barracuda Networks had 61 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, January 8 by Stephens. Topeka Capital Markets maintained it with “Buy” rating and $26.0 target in Friday, January 8 report. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, July 17 report. As per Tuesday, July 11, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating by Summit Research given on Friday, January 8. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, October 12. Piper Jaffray maintained it with “Buy” rating and $2800 target in Monday, July 10 report. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, October 12 report. The stock has “Market Perform” rating by William Blair on Friday, January 8. The rating was downgraded by JMP Securities on Friday, January 8 to “Market Perform”.

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has market cap of $1.30 billion. The Firm offers cloud-enabled solutions that enable clients to address security threats, manage network performance, and protect and store their data. It has a 130.75 P/E ratio. The Company’s solutions are designed to manage information technology activities for its customers.

More notable recent Barracuda Networks Inc (NYSE:CUDA) news were published by: Seekingalpha.com which released: “Barracuda rebrands MSP business to sharpen focus” on September 13, 2017, also Fool.com with their article: “Why Barracuda Networks Inc. Stock Fell 12% in April” published on May 10, 2017, Forbes.com published: “Earnings Preview: What To Expect From Barracuda Networks On Monday” on July 08, 2017. More interesting news about Barracuda Networks Inc (NYSE:CUDA) were released by: Investorplace.com and their article: “3 Stocks to Watch on Tuesday: Snap Inc (SNAP), Barracuda Networks Inc (CUDA …” published on July 11, 2017 as well as Seekingalpha.com‘s news article titled: “Barracuda Networks co-founder leaving CMO role” with publication date: June 30, 2017.

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