News coverage about Barracuda Networks (NYSE:CUDA) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news 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 0.18 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.0197104745785 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on CUDA shares. BidaskClub raised Barracuda Networks from a “strong sell” rating to a “sell” rating in a report on Friday, September 8th. Robert W. Baird reaffirmed a “buy” rating and set a $29.00 price target on shares of Barracuda Networks in a report on Wednesday, October 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a report on Monday, October 9th. KeyCorp reaffirmed a “buy” rating and set a $30.00 price target on shares of Barracuda Networks in a report on Friday, November 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Barracuda Networks in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.60.

Shares of Barracuda Networks (NYSE:CUDA) opened at $27.45 on Friday. The company has a market capitalization of $1,471.95, a price-to-earnings ratio of 161.47, a PEG ratio of 7.31 and a beta of 3.28. Barracuda Networks has a 52 week low of $19.06 and a 52 week high of $27.95.

Barracuda Networks (NYSE:CUDA) last released its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The company had revenue of $94.30 million during the quarter, compared to analysts’ expectations of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.21 EPS. equities research analysts anticipate that Barracuda Networks will post 0.31 EPS for the current year.

In other news, Director Michael D. Perone sold 598,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $25.72, for a total value of $15,380,560.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Michael D. Hughes sold 1,390 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $21.97, for a total value of $30,538.30. Following the completion of the transaction, the senior vice president now owns 155,118 shares in the company, valued at $3,407,942.46. The disclosure for this sale can be found here. Insiders sold a total of 710,913 shares of company stock valued at $18,275,321 over the last three months. 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.

Insider Buying and Selling by Quarter for Barracuda Networks (NYSE:CUDA)

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