Barracuda Networks (CUDA) : Traders are bullish on Barracuda Networks (CUDA) as it has outperformed the S&P 500 by a wide margin of 40.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.35% in the last 1 week, and is up 45.46% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 14.88% and the 50-Day Moving Average is 28.32%. Barracuda Networks, Inc. is up 25.31% in the last 3-month period. Year-to-Date the stock performance stands at 18.2%.
Barracuda Networks (NYSE:CUDA): On Fridays trading session , Opening price of the stock was $22.35 with an intraday high of $22.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.45. However, the stock managed to close at $22.08, a loss of 1.60% for the day. On the previous day, the stock had closed at $22.44. The total traded volume of the day was 1,066,865 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.