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A statement released earlier today by Vetr Inc. about Barracuda Networks Inc (NYSE:CUDA) raises the target price to $22.90

In a report released on 10/11/2016 Vetr Inc. increased the stock price target of Barracuda Networks Inc (NYSE:CUDA) to $22.90 indicating a possible downside of -0.08%.

Previously on 10/7/2016, Zacks Investment Research reported on Barracuda Networks Inc (NYSE:CUDA) increased the target price from $0.00 to $27.00. At the time, this indicated a possible upside of 0.13%.

Yesterday Barracuda Networks Inc (NYSE:CUDA) traded 0.63% higher at $24.92. The company’s 50-day moving average is $24.15 and its 200-day moving average is $19.29. The last closing price is up 32.30% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,605,440 shares of the stock traded hands, up from an average trading volume of 564,400

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Barracuda Networks Inc (NYSE:CUDA)

Barracuda Networks Inc has a 52 week low of $9.44 and a 52 week high of $26.69 with a P/E ratio of 638.00 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $18.81 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 8 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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