Barracuda Networks, Inc. (NYSE:CUDA):
Barracuda to Present at Needham Networking & Security Conference.
The company is so far trading up since yesterday’s close of $23.04.
Barracuda Networks, Inc., launched on November 17, 2004, designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology (IT) operations for its customers. Its subscription-based security and data protection solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity. Its solutions are delivered as cloud-enabled appliances and virtual appliances, as well as cloud-only solutions. Its appliances and virtual appliances leverage its cloud services to deliver hybrid cloud-enabled solutions to its customers. These hybrid solutions enable it to optimize usage of on-premises hardware required while simultaneously leveraging the cloud. Its data protection solutions are designed to backup and archive business-critical data and make such data accessible for purposes, such as compliance, disaster recovery and business intelligence. Its data protection solutions also allow users to access and sign files from Internet-connected devices. Its solutions can be managed centrally in any size or type of deployment through integrated Web interfaces that support configuration, monitoring and reporting..
The stock is trading at $23.31 barely below the 50 day moving average of $23.91 and barely above the 200 day moving average of $22.87. The 50 day moving average was down by -2.50% whereas the 200 day moving average was up $0.44 or +1.91%.
The most current P/E ratio is 137.12 and the market cap is 1.24B. In the latest earnings report the EPS was $0.17 and is expected to be $0.75 for the current year with 53,281,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.22 and the next full year EPS is projected to be $0.87.
Investors are a little more bearish recently if you take into consideration the motion in short interest. The company realized a rise in short interest of 5.60% between September 29, 2017 and October 13, 2017. Short shares grew 122,173 over that timeframe. With short interest at 2,305,179 and short average daily volume at 1,947,822, the short-interest ratio is 1.0 and the percentage of shorted shares is 0.04% as of October 13.