In today’s session Barracuda Networks Inc (CUDA) recorded an unusually high (604) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious CUDA decrease. With 604 contracts traded and 1604 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: CUDA161021P00025000 closed last at: $3.3 or 34.7% up. About 333,904 shares traded hands. Barracuda Networks Inc (NYSE:CUDA) has risen 90.22% since March 10, 2016 and is uptrending. It has outperformed by 82.70% the S&P500.
Barracuda Networks Inc (NYSE:CUDA) Ratings Coverage
Out of 18 analysts covering Barracuda Networks (NYSE:CUDA), 9 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 50% are positive. Barracuda Networks has been the topic of 42 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm earned “In-Line” rating on Monday, January 11 by Imperial Capital. The company was maintained on Wednesday, April 27 by Summit Research. The stock of Barracuda Networks Inc (NYSE:CUDA) has “Buy” rating given on Friday, October 30 by BWS Financial. On Friday, January 8 the stock rating was maintained by BWS Financial with “Buy”. The stock has “Buy” rating given by Topeka Capital Markets on Friday, January 8. The stock of Barracuda Networks Inc (NYSE:CUDA) earned “Buy” rating by Topeka Capital Markets on Thursday, October 1. The firm has “In-Line” rating given on Thursday, June 30 by Imperial Capital. The stock has “Neutral” rating given by Piper Jaffray on Wednesday, September 30. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, October 12 report. The firm has “Overweight” rating by PiperJaffray given on Wednesday, October 12.
According to Zacks Investment Research, “Barracuda Networks, Inc. is engaged in designing and delivering security and storage solutions. Its products span three distinct markets, including: 1) content security, 2) networking and application delivery and 3) data storage, protection and disaster recovery. It offers cloud-connected solutions that help its customers address security threats, enhance network performance, and protect and store their data. Barracuda Networks, Inc. is headquartered in Campbell, California.”
Insitutional Activity: The institutional sentiment increased to 1.7 in Q2 2016. Its up 0.88, from 0.82 in 2016Q1. The ratio is positive, as 17 funds sold all Barracuda Networks Inc shares owned while 23 reduced positions. 25 funds bought stakes while 43 increased positions. They now own 27.12 million shares or 0.76% less from 27.33 million shares in 2016Q1.
Deutsche Comml Bank Ag has invested 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Nationwide Fund Advsr last reported 0% of its portfolio in the stock. Okumus Fund Management Limited has 8.06% invested in the company for 3.08M shares. Manufacturers Life Communications The holds 88,542 shares or 0% of its portfolio. The California-based California State Teachers Retirement has invested 0% in Barracuda Networks Inc (NYSE:CUDA). Blackrock Fund Advisors owns 565,490 shares or 0% of their US portfolio. Teachers Advsr Incorporated holds 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA) for 35,108 shares. Spark Management Limited Liability has invested 0.06% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Fuller Thaler Asset Management has 413,750 shares for 0.11% of their US portfolio. Legal And General Group Public Limited owns 1,565 shares or 0% of their US portfolio. Moreover, Walleye Trading Limited Co has 0.01% invested in Barracuda Networks Inc (NYSE:CUDA) for 104,232 shares. Pacad Investment Limited holds 12,100 shares or 0.03% of its portfolio. Renaissance Techs Ltd Liability Company accumulated 162,000 shares or 0% of the stock. Blackrock Inc last reported 0% of its portfolio in the stock. Rhumbline Advisers, a Massachusetts-based fund reported 17,123 shares.
Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 18 sales for $13.97 million net activity. Drako Dean M had sold 3,768 shares worth $82,931. Jenkins William D Jr sold 4,000 shares worth $80,920. $111,923 worth of Barracuda Networks Inc (NYSE:CUDA) shares were sold by Hughes Michael D. ALLEN JEFFRY R sold $132,862 worth of stock or 6,403 shares. 25,000 shares with value of $497,500 were sold by Faugno David on Thursday, July 14.
Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has a market cap of $1.47 billion. The Firm offers cloud-enabled solutions that enable clients to address security threats, manage network performance, and protect and store their data. It has a 198.49 P/E ratio. The Company’s solutions are designed to manage information technology activities for its customers.
CUDA Company Profile
Barracuda Networks, Inc., incorporated on November 17, 2004, creates and delivers security and data protection solutions. The Firm offers cloud-enabled solutions that enable clients to address security threats, manage network performance, and protect and store their data. The Company’s solutions are designed to manage information technology (IT) activities for its customers. The Company’s subscription security and data protection solutions are connected to its cloud services, which enable continuous software updates, offsite redundancy and distributed capacity. The Company’s solutions are delivered as cloud-enabled appliances and virtual appliances, as well as cloud-only solutions. The Company’s 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. The Company’s 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. The Company’s data protection solutions also allow users to access and sign files from Internet-connected devices. The Company’s solutions can be managed centrally in any size or type of deployment through integrated Web interfaces that support configuration, monitoring and reporting.
More notable recent Barracuda Networks Inc (NYSE:CUDA) news were published by: Fool.com which released: “Why Shares of Barracuda Networks Inc. Are Soaring Today” on October 12, 2016, also Investorplace.com with their article: “3 Stocks to Watch on Wednesday: Barracuda Networks Inc (CUDA), Blackhawk …” published on October 12, 2016, Schaeffersresearch.com published: “Analyst Upgrades: Apple Inc., Advanced Micro Devices, Inc., and Barracuda …” on October 12, 2016. More interesting news about Barracuda Networks Inc (NYSE:CUDA) were released by: Nasdaq.com and their article: “Earnings Reaction History: Barracuda Networks, Inc., 55.6% Follow-Through …” published on October 11, 2016 as well as Nasdaq.com‘s news article titled: “Mid-Day Market Update: Barracuda Networks Surges On Earnings Beat; Fortinet …” with publication date: October 12, 2016.
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