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Piper Jaffray Cos. upgraded Barracuda Networks Inc (NYSE:CUDA) to Overweight in a report released today.

Yesterday Barracuda Networks Inc (NYSE:CUDA) traded -2.95% lower at $24.92. The company’s 50-day moving average is $23.86 and its 200-day moving average is $19.13. The last closing price is up 21.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,524,689 shares of the stock were exchanged, up from an average trading volume of 457,215

Piper Jaffray Cos. has upgraded Barracuda Networks Inc (NYSE:CUDA) to Overweight in a report released on 10/12/2016.

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

See Chart Below

Barracuda Networks Inc (NYSE:CUDA)

Barracuda Networks Inc has a 52 week low of $9.44 and a 52 week high of $25.77 with a P/E ratio of 583.25 The company’s market cap is currently $0.

In addition to Piper Jaffray Cos. reporting its target price, a total of 13 brokers have issued a report on the stock. The consensus target price 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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