Economy

Barracuda Networks, Inc. (CUDA)

The firm's quarterly revenue was up 7.3% compared to the same quarter past year. Those institutional holdings amount to $1.12 billion.

In other Barracuda Networks news, SVP Michael D. Hughes sold 1,390 shares of the business's stock in a transaction that occurred on Friday, November 17th. Assured Guaranty Ltd. (NYSE:AGO) has risen 51.57% since January 9, 2017 and is uptrending. It has outperformed by 34.87% the S&P500.

Weiss Multi-Strategy Advisers Llc increased Barracuda Networks Inc (CUDA) stake by 336.41% reported in 2017Q3 SEC filing. Victory Capital Management Inc. boosted its stake in shares of Barracuda Networks by 17.6% in the 2nd quarter. Strs Ohio now owns 95,936 shares of the company's stock valued at $1,452,000 after buying an additional 18,000 shares in the last quarter.

Barracuda Networks, Inc.is engaged in designing and delivering security and storage solutions.

Shares of Barracuda Networks Inc (NYSE:CUDA) traded down $0.01 during trading hours on Wednesday, reaching $27.45. About 644,730 shares traded. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Barracuda Networks by 121.2% in the 3rd quarter. It has outperformed by 21.50% the S&P500.

Since August 1, 2017, it had 0 buys, and 19 insider sales for $74.39 million activity.

The growth estimate for Barracuda Networks, Inc. Shares for $6.30 million were sold by Perone Michael D. A 3 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:OI) or, if they already own its stock, sell it. (NYSE:CUDA) for 27,200 shares. In the last three months, insiders have sold 4,655 shares of company stock worth $104,952. Moreover, Primecap Mgmt Ca has 0.01% invested in Barracuda Networks, Inc. Its up 0.28, from 0.82 in 2017Q2. It improved, as 25 investors sold Assured Guaranty Ltd. shares while 93 reduced holdings. 44 funds opened positions while 86 raised stakes.

"We are downgrading to Neutral given the lack of a higher bidder from Thoma Bravo's previously announced offer of $27.55 per share". 58,701 were reported by Engineers Gate Manager L P. Comml Bank Of Montreal Can stated it has 0% in Barracuda Networks, Inc. See Barracuda Networks, Inc. Panagora Asset Mngmt holds 0.04% or 459,727 shares in its portfolio. First Trust Advisors Limited Partnership owns 380,504 shares for 0.04% of their portfolio. Legal General Grp Public Llc holds 69,378 shares or 0% of its portfolio. Ahl Ptnrs Llp has invested 0.02% in Barracuda Networks, Inc. BidaskClub cut Barracuda Networks from a "sell" rating to a "strong sell" rating in a report on Saturday, September 23rd. (NYSE:CUDA) for 63,136 shares. The Georgia-based Cornercap Invest Counsel has invested 0.22% in Barracuda Networks, Inc.

Among 23 analysts covering Barracuda Networks (NYSE:CUDA), 6 have Buy rating, 0 Sell and 17 Hold. Therefore 30% are positive. As per Friday, March 18, the company rating was upgraded by BTIG Research. The stock has "Buy" rating by Needham on Tuesday, September 12. Finally, Needham & Company LLC reiterated a "buy" rating and set a $28.00 price objective on shares of Barracuda Networks in a research report on Tuesday, September 12th. $14,594 worth of Barracuda Networks, Inc. (NYSE:CUDA) rating on Thursday, June 29. If the $31.13 price target is reached, the company will be worth $233.28M less. The firm has "Hold" rating by Stifel Nicolaus given on Monday, November 27. The rating was initiated by Summit Redstone Partners on Friday, July 1 with "Hold". Morgan Stanley downgraded it to "Equal-Weight" rating and $15 target in Friday, January 8 report. Assured Guaranty had 11 analyst reports since August 12, 2015 according to SRatingsIntel. Rosenblatt Securities reiterated a "buy" rating and issued a $30.00 target price on shares of Barracuda Networks in a research note on Monday, October 9th. The firm earned "Hold" rating on Monday, November 27 by Piper Jaffray. UBS has "Buy" rating and $33 target. The firm has "Buy" rating given on Wednesday, October 4 by UBS. (NASDAQ:OCLR) rating on Thursday, October 5. Barracuda Networks has $42 highest and $12 lowest target. The company was maintained on Friday, October 2 by Imperial Capital. Its down 0.23, from 1.51 in 2017Q2. Numeric Investors Lc accumulated 374,315 shares or 0.07% of the stock. (NASDAQ:OCLR). Leucadia National holds 0.01% in Oclaro, Inc. (NASDAQ:OCLR). Driehaus Mgmt Limited Liability Company reported 73,187 shares. Millrace Asset Group Inc Inc has invested 1.77% in Oclaro, Inc.



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