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Zacks Investment Research announced Barracuda Networks Inc (NYSE:CUDA), bumping up its stock price target to $29.00 today

In a report issued 10/14/2016 Zacks Investment Research upped the target of Barracuda Networks Inc (NYSE:CUDA) to $29.00 indicating a possible upside of 0.14%.

Just yesterday Barracuda Networks Inc (NYSE:CUDA) traded 0.63% higher at $25.36. CUDA’s 50-day average is $24.15 and its two hundred day moving average is $19.29. The last stock close price is up 32.30% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was up over the average, with 1,605,440 shares of CUDA changing hands over the typical 564,400

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Barracuda Networks Inc (NYSE:CUDA)

With a market cap of $0, Barracuda Networks Inc has 52 week low of $9.44 and a 52 week high of $26.69 with a P/E ratio of 638.00 .

In addition to Zacks Investment Research 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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