Barracuda Networks Inc (NYSE:CUDA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Barracuda Networks Inc (NYSE:CUDA) to Hold in a statement released on 10/12/2016.
On 10/07/2016, Zacks Investment Research released a statement about Barracuda Networks Inc (NYSE:CUDA) upped the target price from $0.00 to $27.00 that suggested an upside of 0.13%.
Having a price of $24.92, Barracuda Networks Inc (NYSE:CUDA) traded -2.95% lower on the day. With the last stock price up 21.99% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. CUDA has recorded a 50-day average of $23.86 and a two hundred day average of $19.13. Trade Volume was up over the average, with 1,524,689 shares of CUDA changing hands over the typical 457,215
Recent Performance Chart
Barracuda Networks Inc has PE ratio of 583.25 with a one year low of $9.44 and a one year high of $25.77 and has a market capitalization of $0.
A total of 13 brokerages have issued a ratings update on Barracuda Networks Inc. Three brokerages rating the company a strong buy, three brokerages rating the company a buy, eight brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $18.81.
General Company Details For 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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