But after the 17% drop following its third quarter results, caused by weaker-than-expected guidance, the Campbell, Calif. -based tech company can win back investors' confidence with a beat-and-raise quarter. Non-GAAP net income was $10.0 million, or $0.18 per share in the first quarter of fiscal 2018, which was in line with the estimates of $0.18 per share. Past 5 years growth of Barracuda Networks Inc (NYSE:CUDA) observed at 90.92%, looking forward for the next 5 years it has a strong prediction of 20.07% over growth. The company had revenue of $94.18 million for the quarter, compared to the consensus estimate of $91.18 million. The firm had revenue of $89.26 million for the quarter, compared to analysts' expectations of $88.39 million. During the same period in the prior year, the firm earned $0.20 EPS. Appliance revenue dropped slightly to $20.3 million, compared with $21.3 million in the same period previous year.
Several research analysts have weighed in on CUDA shares.
On the other hand the company has Relative Strength Index (RSI 14) of 65.29 along with Average True Range (ATR 14) of 0.7, Consequently Barracuda Networks Inc (NYSE:CUDA)'s weekly and monthly volatility is 3.21%, 3.11% respectively. Trexquant Investment LP acquired a new position in Barracuda Networks during the fourth quarter valued at approximately $385,000. Robert W. Baird reaffirmed a "buy" rating on shares of Barracuda Networks in a report on Tuesday, April 18th. The stock presently has an average rating of Buy and a consensus price target of $26.78. The lowest target is $20.0 while the high is $32.0. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The stock's average target of $26.80 is 12.13% above today's ($23.9) share price. The stock was sold at an average price of $22.89, for a total value of $160,825.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The disclosure for this sale can be found here. The stock was unloaded at a price range of of $22.29, amounting to $27,862.50. after the closing of the transaction the CFO has an ownership of 36,717 company stock worth at $818,421.93. during the last around three months, executives unloaded 21,812 stocks of company shares worth at $486,123. (CUDA) Shares Bought by Asset Management One Co. First Advsr Ltd Partnership owns 206,657 shares. Acrospire Investment Management LLC now owns 6,900 shares of the communications equipment provider's stock worth $159,000 after buying an additional 600 shares during the last quarter. Atria Investments LLC purchased a new position in Barracuda Networks during the second quarter valued at $204,000. Annual EPS Growth of past 5 years is 19.85%. Finally, TheStreet upgraded shares of Barracuda Networks from a d rating to a c rating in a research note on Monday, April 17th.
Barracuda Networks, Inc. (NYSE:CUDA) has a market cap of $1.3 billion and over the last 12 months, CUDA has risen by 30.22%.
Trading was heavy with 3,293K shares changing hands in the last trading session. The legal version of this report can be read at https://www.thestockobserver.com/2017/07/12/barracuda-networks-inc-cuda-price-target-increased-to-21-00-by-analysts-at-imperial-capital.html. Ball Corporation is now trading -0.47% below its 20-day and 7.77% versus the 200-day simple moving averages while 2.03% compared with its 50-day simple moving average.
TRADEMARK VIOLATION NOTICE: "Weiss Multi Strategy Advisers LLC Purchases New Position in Barracuda Networks, Inc".
Unlike some competitors, Barracuda's hybrid cloud solutions gives it an added advantage from the standpoint that it can optimize customers' local hardware, while also helping customers to better address security threats, manage network performance, and protect and store their data. Its solutions are created to manage information technology operations for its customers.