Analyst Research

Analyst’s Perspective on Rating and Recommendation: Barracuda Networks Inc (NASDAQ:CUDA)

Barracuda Networks Inc (NASDAQ:CUDA) rose 1.05% during previous trade. DA Davidson issued rating on the stock of Barracuda Networks Inc (NASDAQ:CUDA) in a research note issued to investors on Jan-10-17, the stock received “Upgrade” rating from Underperform to Neutral at $25. Additionally JMP Securities issued their verdict on the stock of the company, on record date of Jan-03-17 the stock was “Upgraded” from Mkt Underperform to Mkt Perform besides that on Nov-15-16 Barracuda Networks Inc (NASDAQ:CUDA) was “Initiated” by Robert W. Baird as Outperform at $29. Furthermore on Oct-12-16 the stock was “Upgraded” by Piper Jaffray from Neutral to Overweight.

Barracuda Networks Inc (NASDAQ:CUDA) shares ended last trading session at the price of $24.02 whereas a number of traders indicating mean target price will hit $29.21 over the next twelve months, mean value of price target most recently revised on 01/10/17. Barracuda Networks Inc (NASDAQ:CUDA)’s highest estimates of price target are $33 and low forecast is $20 based on the opinion of 14 analysts. The price target estimates represents a standard deviation of 6.02. However brokerage recommendations suggests an ABR of 2.07 based on calls of 14 experts, where 8 brokers polls the stock a Strong Buy, 1 suggest the stock a Buy, 3 suggest Hold, 0 are rating the stock as Sell while 2 as Strong Sell.

Barracuda Networks Inc (NASDAQ:CUDA) is expected to release the earnings of its current quarter on 4/25/17. The company is expected to release $0.15 EPS for current quarter according to 16 analysts whereas the company reported $0.15 EPS during same quarter a year ago. For the current quarter the stock has lowest EPS estimates of $0.13 and high estimate of $0.2. For the current year Barracuda Networks Inc (NASDAQ:CUDA) has set to release EPS of $0.77 as per the sentiments of 16 analysts, however according to 16 analysts, the company expected to release $0.79 EPS for next year.

Barracuda Networks Inc (NASDAQ:CUDA)’s average revenue estimates for the current quarter are $88.41M according to 14 number of analysts. However its lowest revenue estimates are $87.99M and highest revenue estimates are $90.12M. A year ago the company’s sales were $83.73M. Its yearly sales growth estimates are 5.60%. For the next quarter the company has anticipated average revenues of $91.9M, according to the sentiments of 12 analysts. For the current year the company has fixed $351.72M revenues, as per the opinion of 16 analysts. For the current year the company has low revenue estimates of $349.76M in contradiction of high revenue estimates of $353.64M. Whereas for the next year revenues are set at $378.15M by 16 analysts.

The stock exchanged hands 3.85M shares versus average trading capacity of 460,209 shares, while its shares’ total market worth is $1.31B along with 52.78M outstanding shares. Barracuda Networks Inc (NASDAQ:CUDA) shares were trading -10% below from the 52-week high price mark of $26.69 and +154.45% above from the 52-week price bottom of $9.44. However the company observed 52 week high price on 10/12/16 and witnessed 52 week low price on 01/20/16. The company’s price sits 4.74% above from its 50-day moving average of $22.65 and 17.92% far from the stock’s 200-day moving average which is $22.44. Barracuda Networks Inc (NASDAQ:CUDA)’s price to sales ratio for trailing twelve month stands at 3.67. However the company’s price to cash per share for most recent quarter stands at 6.92. Its price to free cash flow for trailing twelve months is 27.60.

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