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Barracuda Networks (NYSE:CUDA) stock price target increased to $32.00, issued a report today by Stifel

Yesterday Barracuda Networks (NYSE:CUDA) traded 0.63% higher at $23.33. 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

In a report released on 10/12/2016 Stifel increased the stock price target of Barracuda Networks (NYSE:CUDA) from $26.00 to $32.00 indicating a possible upside of 0.37%.

Previously on 10/07/2016, Zacks Investment Research reported on Barracuda Networks (NYSE:CUDA) increased the target price from $0.00 to $27.00. At the time, this indicated a possible upside of 0.13%.

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Barracuda Networks (NYSE:CUDA)

Barracuda Networks has a PE ratio of 638.00 with a one year low of $9.44 and a one year high of $26.69 Barracuda Networks’s market capitalization is presently $0.

A total of 13 firms have issued a research note on the company. 3 brokerages rating the company a strong buy, three equity analysts rating the company a buy, eight analysts rating the stock a hold, 1 equity analyst rating the company a underperform, and finally 0 brokers rating the stock a sell with a average price target of $18.81.

More About 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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