Barracuda Networks (CUDA) Earns Daily Media Impact Score of 0.18

News headlines about Barracuda Networks (NYSE:CUDA) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barracuda Networks earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the communications equipment provider an impact score of 47.9311982541164 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

Barracuda Networks (CUDA) opened at $27.46 on Thursday. The firm has a market capitalization of $1,460.00, a PE ratio of 88.71, a PEG ratio of 7.34 and a beta of 3.28. Barracuda Networks has a 1-year low of $19.06 and a 1-year high of $27.75.

Barracuda Networks (NYSE:CUDA) last posted its earnings results on Tuesday, October 10th. The communications equipment provider reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $94.30 million for the quarter, compared to analyst estimates of $93.32 million. Barracuda Networks had a return on equity of 197.30% and a net margin of 2.52%. Barracuda Networks’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. research analysts anticipate that Barracuda Networks will post 0.31 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. J P Morgan Chase & Co reaffirmed a “buy” rating and set a $35.00 target price on shares of Barracuda Networks in a research report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 target price on shares of Barracuda Networks in a research report on Tuesday, September 12th. BidaskClub raised Barracuda Networks from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a research report on Friday, November 10th. Finally, Rosenblatt Securities lowered Barracuda Networks from a “buy” rating to a “neutral” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $28.10.

In related news, SVP Michael D. Hughes sold 2,015 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $22.60, for a total transaction of $45,539.00. Following the sale, the senior vice president now directly owns 155,033 shares of the company’s stock, valued at $3,503,745.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael D. Hughes sold 1,390 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $21.97, for a total value of $30,538.30. Following the sale, the senior vice president now directly owns 155,118 shares in the company, valued at $3,407,942.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,294,018 shares of company stock worth $56,779,572. 13.90% of the stock is owned by corporate insiders.

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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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