Barracuda Networks, Inc. (CUDA) Scheduled to Post Quarterly Earnings on Monday

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.

Earnings History for Barracuda Networks (NYSE:CUDA)

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