Barracuda Networks (NYSE:CUDA) target price lowered to $29.00, issued a report today by Piper Jaffray
- Updated: April 20, 2017
Barracuda Networks (NYSE:CUDA) had its stock price target reduced to $29.00 by Piper Jaffray in an issued report announced Thursday April 20, 2017. The bumped down target price indicates a possible upside of 0.49% based on the company's most recent stock price close.
Boasting a price of $19.51, Barracuda Networks (NYSE:CUDA) traded -2.16% lower on the day. With the last stock price close down -16.46% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Barracuda Networks has recorded a 50-day average of $22.97 and a two hundred day average of $23.32. Volume of trade was up over the average, with 897,757 shares of CUDA changing hands over the typical 641,286
With a total market value of $0, Barracuda Networks has price-earnings ratio of 102.53 with a one year low of $13.91 and a one year high of $26.69 .
A total of 13 equity analysts have released a ratings update on CUDA. Three equity analysts rating the company a strong buy, three equity analysts rating the company 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 (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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