Barracuda Networks (CUDA) : 4 brokerage houses believe that Barracuda Networks (CUDA) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Barracuda Networks (CUDA). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.39.
Barracuda Networks (CUDA) stock is expected to deviate a maximum of $4.55 from the average target price of $19.5 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $26 and the most muted being $13.
Company shares have received an average consensus rating of Hold for the current week
Barracuda Networks (NYSE:CUDA): The stock opened at $19.59 on Tuesday but the bulls could not build on the opening and the stock topped out at $19.78 for the day. The stock traded down to $19.28 during the day, due to lack of any buying support eventually closed down at $19.57 with a loss of -0.15% for the day. The stock had closed at $19.60 on the previous day. The total traded volume was 1,183,689 shares.
Barracuda Networks, Inc. (Barracuda Networks) designs and delivers security and storage solutions. The Company offers cloud-connected solutions for its customers to address security threats, improve network performance and protect and store their data. The Companys security and storage solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity, and are offered on a subscription basis. Its solutions are delivered as cloud-connected appliances and virtual appliances, as well as cloud-only solutions. Its cloud-only solutions are designed for customers who cannot or do not wish to deploy additional on-premises infrastructure. The Companys appliances and virtual appliances leverage its cloud services to deliver hybrid cloud-connected solutions to its customers. Its security offerings include e-mail security, Web security, next-generation firewall, application security and integrated network security, among others.