Barracuda Networks Inc (CUDA) EPS Estimated At $0.07

September 23, 2017 - By Louis Casey

 Barracuda Networks Inc (CUDA) EPS Estimated At $0.07
Investors sentiment decreased to 1.11 in Q2 2017. Its down 1.09, from 2.2 in 2017Q1. It is negative, as 32 investors sold Barracuda Networks Inc shares while 44 reduced holdings. 34 funds opened positions while 50 raised stakes. 32.63 million shares or 6.25% more from 30.71 million shares in 2017Q1 were reported.
State Street Corporation invested in 451,582 shares or 0% of the stock. 18,694 were reported by Omers Administration. American Intll Group holds 15,613 shares or 0% of its portfolio. Glenmede Na invested 0% in Barracuda Networks Inc (NYSE:CUDA). Stifel holds 22,718 shares. Swiss Bank & Trust has 61,500 shares for 0% of their portfolio. Bain Capital Equity Management Ltd Com has invested 0.31% in Barracuda Networks Inc (NYSE:CUDA). Moreover, Piermont Inc has 0.24% invested in Barracuda Networks Inc (NYSE:CUDA) for 36,760 shares. Cornerstone Ltd Co has invested 0.02% in Barracuda Networks Inc (NYSE:CUDA). Ahl Llp holds 0.02% or 35,326 shares. Ami Asset Mngmt Corporation holds 472,545 shares. Arrowmark Colorado Holdings Limited Liability Co owns 1.61 million shares for 0.46% of their portfolio. Prudential reported 0.01% stake. 14,309 were reported by Nationwide Fund Advisors. Schwab Charles Investment Mngmt has 0.01% invested in Barracuda Networks Inc (NYSE:CUDA).

Since April 3, 2017, it had 0 insider buys, and 5 sales for $346,412 activity. $98,966 worth of stock was sold by Hughes Michael D on Monday, April 3.

Analysts await Barracuda Networks Inc (NYSE:CUDA) to report earnings on October, 10 after the close. They expect $0.07 EPS, up 16.67 % or $0.01 from last year’s $0.06 per share. CUDA’s profit will be $3.69M for 86.04 P/E if the $0.07 EPS becomes a reality. After $0.07 actual EPS reported by Barracuda Networks Inc for the previous quarter, Wall Street now forecasts 0.00 % EPS growth. The stock decreased 0.33% or $0.08 on September 22, reaching $24.09. About 350,837 shares traded. Barracuda Networks Inc (NYSE:CUDA) has risen 38.20% since September 23, 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. Stifel Nicolaus maintained Barracuda Networks Inc (NYSE:CUDA) on Monday, July 17 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 8 report. The stock has “Buy” rating by Needham on Monday, February 6. On Friday, October 2 the stock rating was maintained by Imperial Capital with “Outperform”. As per Friday, March 18, the company rating was upgraded by BTIG Research. The stock has “Mkt Perform” rating by JMP Securities on Tuesday, January 3. Robert W. Baird maintained the shares of CUDA in report on Tuesday, July 11 with “Buy” rating. As per Wednesday, January 20, the company rating was downgraded by Guggenheim. The rating was maintained by KeyBanc Capital Markets on Thursday, August 31 with “Buy”. The firm has “Neutral” rating given on Wednesday, September 30 by Macquarie Research.

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has market cap of $1.27 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 128.4 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: Forbes.com which released: “Earnings Preview: What To Expect From Barracuda Networks On Monday” on July 08, 2017, also Prnewswire.com with their article: “Technical Insights on Communication Equipment Stocks — Nokia, ShoreTel …” published on September 21, 2017, Seekingalpha.com published: “Barracuda rebrands MSP business to sharpen focus” on September 13, 2017. More interesting news about Barracuda Networks Inc (NYSE:CUDA) were released by: Prnewswire.com and their article: “Barracuda Research Confirms US Companies Doubling Down on Public Cloud …” published on September 19, 2017 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Tuesday: Snap Inc (SNAP), Barracuda Networks Inc (CUDA …” with publication date: July 11, 2017.

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