Barracuda Networks (CUDA) Shares are Up 3.46%

Barracuda Networks (CUDA) : Traders are bullish on Barracuda Networks (CUDA) as it has outperformed the S&P 500 by a wide margin of 12.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.91%, 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 3.46% in the last 1 week, and is up 9.86% 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 4.19% and the 50-Day Moving Average is 9.91%.The 200 Day SMA reached 43.51% Barracuda Networks, Inc. is up 65.74% in the last 3-month period. Year-to-Date the stock performance stands at 28.21%.


Barracuda Networks (CUDA) : 11 investment research analysts covering Barracuda Networks (CUDA) have an average price target of $21.32 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $13 for the short term. Analysts expect the variance to be within $5.06 of the average price.

Company shares have received an average consensus rating of Hold for the current week Barracuda Networks (NYSE:CUDA): The stock opened at $23.61 and touched an intraday high of $23.97 on Friday. During the day, the stock corrected to an intraday low of $23.36, however, the bulls stepped in and pushed the price higher to close in the green at $23.95 with a gain of 0.71% for the day. The total traded volume for the day was 991,561. The stock had closed at $23.95 in the previous trading session.

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.

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