$0.07 Earnings Per Share Expected for Barracuda Networks, Inc. (CUDA) This Quarter

Paterniano Del Favero
Agosto 16, 2017

Barracuda Networks earned a daily sentiment score of 0.17 on Accern's scale.

Barracuda Networks, Inc. (NYSE:CUDA)'s earnings per share has been growing at a 73.6 percent rate over the past 5 year when average revenue increase was noted as 17 percent. Needham & Company LLC reaffirmed a "buy" rating and issued a $28.00 target price on shares of Barracuda Networks in a report on Wednesday, April 19th. Stifel Nicolaus reaffirmed a "buy" rating and set a $32.00 target price on shares of Barracuda Networks in a report on Wednesday, July 19th. Finally, Rosenblatt Securities reiterated a buy rating and set a $30.00 price target on shares of Barracuda Networks in a report on Monday, June 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock.

Taking a broader look at the analyst consensus, according to 15 analysts Barracuda Networks Inc (NYSE:CUDA)'s price will reach at $28.27 during 52 weeks.

Barracuda Networks (CUDA) opened at 24.01 on Friday. The firm's 50-day moving average price is $23.02 and its 200-day moving average price is $22.72. Barracuda Networks has a one year low of $19.06 and a one year high of $26.69. The company has a market capitalization of $1.27 billion, a P/E ratio of 126.37 and a beta of 3.30.

Consequently Barracuda Networks Inc (NYSE:CUDA)'s weekly and monthly volatility is 2.78%, 2.40% respectively. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18.

Net profit margin of the company is seen at 2.80%. During the same period in the prior year, the company earned $0.20 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts predict that Barracuda Networks will post $0.76 earnings per share for the current year.

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Also, SVP Michael D. Hughes sold 4,468 shares of Barracuda Networks stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $22.89, for a total value of $160,825.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Jenkins, Jr. sold 80,612 shares of the firm's stock in a transaction on Monday, July 10th. The stock's traded 1.53 million shares in session while it holds an average volume of 0.63 million shares. Following the completion of the transaction, the chief financial officer now directly owns 105,467 shares of the company's stock, valued at $2,322,383.34. The disclosure for this sale can be found here. Insiders sold 500,516 shares of company stock worth $12,045,698 over the last ninety days. Insiders own 13.90% of the company's stock.

Large investors have recently made changes to their positions in the company. Chicago Equity Partners LLC raised its stake in Barracuda Networks by 0.5% in the first quarter. The institutional investor purchased 8,844 shares of the communications equipment provider's stock, valued at approximately $204,000. ETF Managers Group LLC bought a new stake in Barracuda Networks during the second quarter worth approximately $44,968,000. Systematic Financial Management LP increased its position in Barracuda Networks by 24.4% in the second quarter. Renaissance Technologies LLC now owns 1,538,300 shares of the communications equipment provider's stock worth $35,473,000 after buying an additional 402,605 shares during the period. Asset Management One Co. American Century Companies Inc. boosted its position in shares of Barracuda Networks by 3.0% in the first quarter.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 2.93 million shares, SYSTEMATIC FINANCIAL MANAGEMENT LP with 2.17 million shares, CLEARBRIDGE INVESTMENTS, LLC with 2.03 million shares, SCGF III MANAGEMENT LLC with 2.02 million shares, and BLACKROCK INC. with 1.76 million shares. Clearbridge Investments LLC now owns 2,034,008 shares of the communications equipment provider's stock valued at $47,006,000 after buying an additional 16,324 shares in the last quarter.

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