Barracuda Networks, Inc. (NYSE: CUDA) Beats Estimates – Rises in After-Hours Market

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.

Ticker Symbol CUDA
Last Price a/o 7:59 PM EST  $                    25.70
Average Volume 663,430
Market Cap $1.23 Billion
Sales $338.4 million
Shares Outstanding 51.71 million
Share Float 32.48 million
Shortable Yes
Optionable Yes
Inside Ownership 12.50%
Short Float 2.22%
Short Interest Ratio 1.1
Quarterly Return -0.25%
YTD Return 10.92%
Year Return 121.53%

Peak Resorts (Nasdaq: SKIS) Gets Capital Injection

Peak Resorts Inc. – Nasdaq: SKIS

SKIS is experiencing higher values on larger volumes. Investors appear to be reacting to the news that the United States Citizenship and Immigration Services (USCIS) have approved the first I-526 Petition submitted by an investor in its Mount Snow EB-5 program, through which Peak Resorts Inc has raised $52 million in capital for infrastructure improvements for Mount Snow ski resort in West Dover, Vermont.

Peak Resorts Inc., headquartered in Missouri, is a leading owner and operator of high-quality, individually branded ski resorts in the U.S. It trades under the Nasdaq ticker SKIS. Peak Resorts Inc. operates 14 ski resorts primarily located in the Northeast and Midwest, 13 of which we own. Most Peak Resort’s Inc. properties are located within 100 miles of major metropolitan markets, including New York City, Boston, Philadelphia, Cleveland and St. Louis. The resorts are comprised of nearly 1,890 acres of skiable terrain and offer dining, lodging, equipment rentals and sales, ski and snowboard instruction, mountain biking, music festivals, and zip line tours.

Per Timothy D. Boyd, president and chief executive officer of Peak Resorts, “Once completed, the West Lake project will allow Mount Snow to start each ski season with as much as 50 percent of its terrain open. It will also provide enough water to eventually cover 100 percent of our trails with snowmaking. Further enhancing the ski experience at Mount Snow should help us gain an even greater share of the Vermont ski market – the No. 1 market in the region.”

Six firms rate SKIS as a “Strong Buy”. Sales have been relatively stable. In 2011, sales topped $82 million and increased to $105 million in 2014 before dropping a bit in 2015 to $95.7 million.

Always perform your own due diligence before making any decisions regarding the buy or sale of any stock. The below data is provided without any guarantee of its accuracy.

Ticker Symbol SKIS
Last Price a/o 2:04 EST  $                     5.78
Average Volume 26,500
Market Cap $69 million
Sales $99.7 million
Shares Outstanding 13.7 million
Share Float 10.34 million
Shortable Yes
Optionable Yes
Inside Ownership 23.27%
Short Float 0.50%
Short Interest Ratio 1.94
Quarterly Return 9.31%
YTD Return -16.00%
Year Return -20.76%