November 28, 2016 - By olga
Dean Drako – a clever insider in Barracuda Networks Inc who is presently the major shareholder — sold some 111,032 shares of Barracuda Networks Inc, that are worth about close to U.S Dollars 2,671,248 which is based on an average stock price per share of U.S Dollars 24.1. He also sold 292,789 shares worth about $7,046,776 USD in the last 30 days. Dean Drako today owns 6.56 million shares or 13.12% of Barracuda Networks Inc’s market cap. More information about the trade dated November 28, 2016, could be found ready for you in an electronic form on the SEC website here.
Out of 19 analysts covering Barracuda Networks (NYSE:CUDA), 10 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 53% are positive. $42 is the highest target while $12 is the lowest. The $23.57 average target is 2.70% above today’s ($22.95) stock price. Barracuda Networks has been the topic of 43 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was upgraded by BTIG Research to “Buy” on Friday, March 18. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 8. The firm has “Market Underperform” rating by JMP Securities given on Monday, June 6. Imperial Capital maintained Barracuda Networks Inc (NYSE:CUDA) rating on Monday, May 2. Imperial Capital has “In-Line” rating and $16 price target. The firm earned “Hold” rating on Friday, July 1 by Summit Redstone Partners. DA Davidson downgraded it to “Underperform” rating and $19.50 target price in Friday, August 12 report. The firm earned “Buy” rating on Friday, January 8 by BWS Financial. The firm earned “Underperform” rating on Tuesday, October 4 by Imperial Capital. Topeka Capital Markets maintained Barracuda Networks Inc (NYSE:CUDA) rating on Friday, January 8. Topeka Capital Markets has “Buy” rating and $26.0 price target. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, October 12 report.
Insitutional Activity: The institutional sentiment is 1.7 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 17 funds sold all Barracuda Networks Inc shares owned while 23 reduced positions. only 25 funds bought stakes while 43 increased positions. They now own 27.12 million shares or 0.76% less from 27.33 million shares in 2016Q1.
State Common Retirement Fund owns 22,500 shares or 0% of their US portfolio. Moreover, Arrowpoint Asset Mgmt Ltd Liability has 0.79% invested in Barracuda Networks Inc (NYSE:CUDA) for 2.57M shares. Belmont Glob Advsrs holds 0.44% or 30,000 shares in its portfolio. Peak6 L P holds 0% or 11,889 shares in its portfolio. Connor Clark And Lunn Management Ltd accumulated 23,400 shares or 0% of the stock. Scgf Iii Management Limited Liability, a California-based fund reported 2.02M shares. Oak Assoc Oh has 33,345 shares for 0.06% of their US portfolio. Citadel Advsr Llc, a Illinois-based fund reported 46,519 shares. Clearbridge Investments Ltd Limited Liability Company holds 2.03 million shares or 0.04% of its portfolio. Blackrock Grp Ltd accumulated 0% or 6,328 shares. Parametric Limited Company holds 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA) for 38,620 shares. Citigroup accumulated 2,545 shares or 0% of the stock. Walleye Trading Ltd Company holds 0.01% or 104,232 shares in its portfolio. State Bank Of Montreal Can holds 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA) for 15,320 shares. California Pub Employees Retirement Sys accumulated 0% or 15,600 shares.
Insider Transactions: Since July 12, 2016, the stock had 0 buys, and 19 selling transactions for $17.09 million net activity. $101,150 worth of Barracuda Networks Inc (NYSE:CUDA) was sold by Hughes Michael D on Friday, July 15. On Tuesday, July 12 Drako Dean M sold $1.18M worth of the stock or 60,000 shares. Shares for $193,800 were sold by ALLEN JEFFRY R. Faugno David had sold 25,000 shares worth $497,500. Shares for $80,920 were sold by Jenkins William D Jr.
About 556,519 shares traded hands. Barracuda Networks Inc (NYSE:CUDA) has risen 49.72% since April 25, 2016 and is uptrending. It has outperformed by 43.70% the S&P500.
Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has a market cap of $1.18 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 174.63 P/E ratio. The Company’s solutions are designed to manage information technology activities for its customers.
According to Zacks Investment Research, “Barracuda Networks, Inc. is engaged in designing and delivering security and storage solutions. Its products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. It offers cloud-connected solutions that help its customers address security threats, enhance network performance, and protect and store their data. Barracuda Networks, Inc. is headquartered in Campbell, California.”
Analysts await Barracuda Networks Inc (NYSE:CUDA) to report earnings on January, 5. They expect $0.05 EPS, up 150.00% or $0.03 from last year’s $0.02 per share. CUDA’s profit will be $2.57 million for 114.75 P/E if the $0.05 EPS becomes a reality. After $0.06 actual EPS reported by Barracuda Networks Inc for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.
More notable recent Barracuda Networks Inc (NYSE:CUDA) news were published by: Fool.com which released: “Why Shares of Barracuda Networks Inc. Are Soaring Today” on October 12, 2016, also Fool.com with their article: “Why Barracuda Networks Inc. Is Swooning in 2016” published on June 29, 2016, Investorplace.com published: “Why It is Time to Focus on Barracuda Networks Inc (CUDA)” on November 15, 2016. More interesting news about Barracuda Networks Inc (NYSE:CUDA) were released by: Fool.com and their article: “3 Reasons Barracuda Networks, Inc. Stock Could Rise” published on May 24, 2016 as well as Fool.com‘s news article titled: “Will Barracuda Networks, Inc. Sink or Swim in 2016?” with publication date: April 19, 2016.
Barracuda Networks, Inc., incorporated on November 17, 2004, creates and delivers security and data protection solutions. The Firm offers cloud-enabled solutions that enable clients to address security threats, manage network performance, and protect and store their data. The Company’s solutions are designed to manage information technology (IT) activities for its customers. The Company’s subscription security and data protection solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity. The Company’s solutions are delivered as cloud-enabled appliances and virtual appliances, as well as cloud-only solutions. The Company’s appliances and virtual appliances leverage its cloud services to deliver hybrid cloud-enabled solutions to its customers. These hybrid solutions enable it to optimize usage of on-premises hardware required while simultaneously leveraging the cloud. The Company’s data protection solutions are designed to backup and archive business-critical data and make such data accessible for purposes, such as compliance, disaster recovery and business intelligence. The Company’s data protection solutions also allow users to access and sign files from Internet-connected devices. The Company’s solutions can be managed centrally in any size or type of deployment through integrated Web interfaces that support configuration, monitoring and reporting.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.