Barracuda Networks, Inc. (CUDA) Releases Q3 Earnings Guidance

$24.67's average target is 71.32% above currents $14.4 stock price.

Despite the long-term positive price action, options players are favoring bearish bets.

(NYSE:CUDA) in recent headlines. Analysts giving the company a rating of 3 would be indicating a Hold recommendation. Barracuda Networks had 64 analyst reports since August 18, 2015 according to SRatingsIntel. Stifel Nicolaus reissued a "buy" rating and set a $32.00 price objective on shares of Barracuda Networks in a report on Wednesday, July 19th. Barracuda Networks presently has a consensus rating of "Buy" and an average target price of $26.59. This recommendation lands on a scale between 1 and 5. (NASDAQ:CUDA), 6 rate it "Buy", 7 "Outperform", 4 "Underperform", 0 "Sell", while 0 "Hold".

The biggest institutional shareholders in Barracuda Networks, Inc. include BlackRock Fund Advisors which owns 3 million shares in the company valued at $75.59 million. In the final minutes of trading on Tuesday, shares hit $25.71, an increase of nearly 7 percent in the last 12 months. The company's 50-day moving average is $24.00 and its 200-day moving average is $22.85. Each successive relative low is below the preceding day's low, and each successive relative high is below the preceding day's high. In terms of volatility, it has a beta coefficient of 3.28 and technical analysis volatility indicator called Average True Range or ATR around 0.54.

Wall Street analysts are predicting that Barracuda Networks Inc (NYSE:CUDA) will report earnings per share of $0.17 in their quarterly report. With 1.00M shares average volume, it will take short sellers 2 days to cover their CUDA's short positions. Eight analysts surveyed by Zacks expected $93.5 million. The mean target price as estimated by the analysts for the company has been recorded at $28.27. Next quarter's EPS is forecasted at $0.19 with next year's EPS anticipated to be $0.87.

COPYRIGHT VIOLATION NOTICE: "Barracuda Networks' (CUDA) Buy Rating Reiterated at J P Morgan Chase & Co" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of global copyright & trademark law. The stock was sold at an average price of $22.63, for a total value of $28,287.50. The Weekly and Monthly Volatility stands at 2.63% and 2.16%. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4,468 shares were sold by Hughes Michael D, worth $100,753 on Wednesday, May 31. The shares were sold at an average price of $24.00, for a total transaction of $396,000.00.

Now insiders hold 7,411,970 shares in the business which makes up 14.01% of shares. The disclosure for this sale can be found here. The total number of shares traded in the last 90-day period is 2.6 million. Cortina Asset Ltd Llc holds 0.2% of its portfolio in Barracuda Networks Inc (NYSE:CUDA) for 202,166 shares.

Institutional Investors own 73.50% of Barracuda Networks, Inc. The shares have accelerated in recent weeks, with their price up about 11% in the past three months.

Many analysts have provided their estimated foresights on Barracuda Networks, Inc. Bank of New York Mellon Corp increased its position in Barracuda Networks by 4.0% during the first quarter. For the quarter, shares have been noted at -12.67%.

Barracuda Networks, Inc., launched on November 17, 2004, 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 created to manage information technology operations for its customers.

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