Barracuda Networks, Inc. – NYSE: CUDA
Barracuda Networks, Inc. beat street earnings estimates and rose over 8% in after-hours trading. Traded on the Nasdaq, CUDA shares rose to an after-hours high of $25.87. Street estimates, on average, were for Barracuda Networks, Inc. to earn $0.15 per share. The Campbell, CA-based company reported $0.22 EPS after posting loss for the same quarter last year. Revenue was also higher than street estimates – $88.8 million vs. $86.9 million.
Barracuda Networks, Inc. offers industry-leading solutions designed to solve mainstream IT problems. Their products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. CitiBank, Coca-Cola, Delta Dental, FedEx, Harvard University, IBM, L’Oreal, Liberty Tax Service, Mythbusters and Spokane Public Schools are among the more than 150,000 organizations in 100+ countries confidently protecting their users, applications and data with Barracuda solutions. Their network has 1000+ employees, 5000+ partners, and offices in 15 countries.
CUDA has reported increasing sales figures every year since 2012 when it reported $160.9 million. In 2016 Barracuda Networks, Inc. reported $320.2 million. Fourteen firms follow CUDA, with eight rating it a “Strong Buy”, one rates it a “Buy”, three rate CUDA as a “Hold”, and two rate it as a “Sell”. Consensus price target amongst analysts is $28.00.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 7:59 PM EST||$ 25.70|
|Market Cap||$1.23 Billion|
|Shares Outstanding||51.71 million|
|Share Float||32.48 million|
|Short Interest Ratio||1.1|