A statement released earlier today by Vetr Inc. about Barracuda Networks Inc (NYSE:CUDA) bumps the target price to $26.25
- Updated: November 28, 2016
Vetr Inc. bumped up the target of Barracuda Networks Inc (NYSE:CUDA) to $26.25 stating a potential upside of 0.16%.
Boasting a price of $22.69, Barracuda Networks Inc (NYSE:CUDA) traded -4.62% lower on the day. With the last close up 7.88% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Barracuda Networks Inc has recorded a 50-day average of $23.84 and a two hundred day average of $21.03. Volume of trade was down over the average, with 556,519 shares of CUDA changing hands under the typical 623,970
With a total market value of $0, Barracuda Networks Inc has price-earnings ratio of 174.54 with a one year low of $9.44 and a one year high of $26.69 .
A total of 13 analysts have released a research note on CUDA. 3 firms rating the stock a strong buy, 3 firms rating the stock a buy, eight equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $18.81.
Brief Synopsis About Barracuda Networks Inc (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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