KeyCorp's target price points to a potential upside of 16.55% from the company's current price.
Several hedge funds and other institutional investors have recently made changes to their positions in CUDA.
Barracuda Networks, Inc. (NYSE:CUDA)'s performance this year to date is 20.11%. BTIG Research restated a buy rating and issued a $30.00 price target on shares of Barracuda Networks in a report on Thursday, July 13th. Needham maintained it with "Buy" rating and $28.0 target in Tuesday, September 12 report.
When a stock is experiencing a downtrend, it makes consecutive lower lows as well as lower highs, making its price decline. Finally, Piper Jaffray Companies reissued an "overweight" rating and set a $28.00 price objective (down previously from $29.00) on shares of Barracuda Networks in a report on Wednesday, July 12th. Of those analysts, 9 rate stock as a Strong Buy, 5 rate it as Hold, and just no analyst rates it as a Moderate Sell. A rating of 4 or 5 would represent a Sell recommendation. The stock exchanged hands 2.83 Million shares versus average trading capacity of 821.25 Million shares. The company's 50-day moving average is $24.00 and its 200-day moving average is $22.85. Barracuda Networks has a one year low of $19.06 and a one year high of $26.69.
Beta is also an important valuation ratio for analyzing the stock of the company, CUDA's beta remains at 3.28.
For the Current Quarter, the growth estimate for Barracuda Networks, Inc.is -19%, while for the Next Quarter the stock growth estimate is -13.6%.
01/03/2017 - Barracuda Networks, Inc. was upgraded to "market perform" by analysts at JMP Securities. The company had revenue of $94.30 million during the quarter, compared to the consensus estimate of $93.32 million. Barracuda Networks had a negative return on equity of 1,770.56% and a net margin of 2.81%. (CUDA) to generate earnings per share of $0.35 in 2017. The communications equipment provider reported $0.17 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.17, Bloomberg Earnings reports.
Many analysts have provided their estimated foresights on Barracuda Networks, Inc. "(CUDA) Releases Q3 Earnings Guidance" was published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and global trademark and copyright laws. The company's past year sales total was 87930.
CEO William D. Jr Jenkins sold 16,500 shares at an average price of $24.30 on Monday the 2nd. The most recent short interest data show 4.31% of the company's stock are short sold. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Short shares increased from 1,781,250 to 2,183,006 over that period. Schilke Tobin sold $44,481 worth of stock or 2,066 shares. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,354,783 shares of company stock worth $57,100,375. The company's institutional ownership is monitored at 73.2 percent.
Many Hedge funds have lately modified to their stake in CUDA. Lastly, Ameriprise Financial bought a fresh position in stocks of Barracuda Networks during the Q1 valued $4,867,000. As of quarter end Trexquant Investment Lp had disposed of a total of 12,261 shares trimming its position 33.6%. US Bancorp DE increased its position in Barracuda Networks by 170.8% during the first quarter. Also, CFO Dustin Driggs sold 5,135 shares of the firm's stock in a transaction that occurred on Wednesday, October 4th. Legal & General Group Plc boosted its position in Barracuda Networks by 15.7% in the second quarter.
Looking at insider trading can give great insight into how Barracuda Networks, Inc.
Barracuda provides email protection tools and has been transitioning to cloud-based security from network hardware. Its solutions are created to manage information technology (IT) operations for its customers.