A statement released earlier today by Imperial Capital about Barracuda Networks (NYSE:CUDA) raises the target price to $20.00
- Updated: October 4, 2016
Yesterday Barracuda Networks (NYSE:CUDA) traded -0.54% lower at $24.95. CUDA’s 50-day average is $23.43 and its two hundred day average is $18.75. With the last stock price close up 32.33% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 164,912 shares of CUDA changing hands under the typical 546,777
In a statement issued on Tuesday October 04, 2016 Imperial Capital bumped up the target of Barracuda Networks (NYSE:CUDA) from $17.00 to $20.00 reporting a possible downside of -0.20%.
Previously on Monday September 19, 2016, Vetr Inc. released a statement on Barracuda Networks (NYSE:CUDA) increased the target price from $0.00 to $26.50. At the time, this indicated a possible upside of 0.11%.
With a total market value of $0, Barracuda Networks has price-earnings ratio of 620.38 with a one year low of $9.44 and a 52 week high of $25.77 .
Also covering Barracuda Networks's target, a total of 13 analysts have released a report on Barracuda Networks. The average stock price target is $18.81 with 3 brokerages rating the stock a strong buy, 3 firms rating the stock a buy, eight analysts rating the company a hold, one brokerage rating the company a underperform, and lastly zero analysts rating the company a sell.
Brief Synopsis On Barracuda Networks (NYSE:CUDA)
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. Its security solutions include Barracuda Email Security, The Barracuda Web Security Gateway, Barracuda NextGen Firewalls, The Barracuda Web Application Firewall, The Barracuda Load Balancer ADC and The Barracuda SSL VPN. Its data protection solutions provide solutions for on-premises and cloud-based archiving and backup. Its data protection solutions include Barracuda Backup, Barracuda Message Archiver and CudaSign. Its solution suites combine its security and data protection offerings into services designed for cloud platforms and managed services environments. Its solution suites include Barracuda Essentials for Office 365 and Intronis ECHOplatform.
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