Barracuda Networks, Inc. (NYSE:CUDA) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 9th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Barracuda Networks has set its FY18 guidance at $0.73-0.78 EPS and its Q2 guidance at $0.16-0.18 EPS.
Barracuda Networks (NYSE:CUDA) last released its quarterly earnings data on Monday, July 10th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $94.18 million for the quarter, compared to the consensus estimate of $91.18 million. Barracuda Networks had a net margin of 2.81% and a negative return on equity of 1,770.56%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts expect Barracuda Networks to post $0.35 EPS for the current fiscal year and $0.44 EPS for the next fiscal year.
Shares of Barracuda Networks, Inc. (NYSE:CUDA) opened at 25.91 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 136.37 and a beta of 3.27. Barracuda Networks, Inc. has a 12-month low of $19.06 and a 12-month high of $26.69. The stock has a 50 day moving average of $24.07 and a 200 day moving average of $22.87.
A number of equities analysts have recently issued reports on CUDA shares. Robert W. Baird restated a “buy” rating on shares of Barracuda Networks in a research report on Tuesday, July 11th. Northland Securities restated a “buy” rating and set a $28.00 target price on shares of Barracuda Networks in a research report on Friday, June 30th. Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a research report on Monday, June 26th. Zacks Investment Research upgraded shares of Barracuda Networks from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, July 13th. Finally, BTIG Research restated a “buy” rating and set a $30.00 target price on shares of Barracuda Networks in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.59.
In other Barracuda Networks news, Director Michael D. Perone sold 236,987 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $24.02, for a total value of $5,692,427.74. Following the completion of the sale, the director now owns 2,988,898 shares of the company’s stock, valued at $71,793,329.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael D. Perone sold 403,060 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $24.13, for a total value of $9,725,837.80. Following the completion of the sale, the director now directly owns 3,112,640 shares of the company’s stock, valued at approximately $75,108,003.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,839,430 shares of company stock worth $68,785,913. 13.90% of the stock is currently owned by 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.
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