Short Interest Worth Mentioning: What’s Propelling Barracuda Networks Incorporated (NYSE:CUDA) After Lower Shorts Reported?

November 30, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Worth Mentioning: What’s Propelling Barracuda Networks Incorporated (NYSE:CUDA) After Lower Shorts Reported?

The stock of Barracuda Networks Incorporated (NYSE:CUDA) registered a decrease of 35.09% in short interest. CUDA’s total short interest was 929,500 shares in November as published by FINRA. Its down 35.09% from 1.43M shares, reported previously. With 691,600 shares average volume, it will take short sellers 1 days to cover their CUDA’s short positions. The short interest to Barracuda Networks Incorporated’s float is 3.85%. About 219,893 shares traded hands. Barracuda Networks Inc (NYSE:CUDA) has risen 25.08% since April 27, 2016 and is uptrending. It has outperformed by 19.86% the S&P500.

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has a market cap of $1.15 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 168.94 P/E ratio. The Company’s solutions are designed to manage information technology activities for its customers.

Insitutional Activity: The institutional sentiment is 1.7 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 17 funds sold all Barracuda Networks Inc shares owned while 23 reduced positions. only 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.
The Illinois-based Grp One Trading Limited Partnership has invested 0.01% in Barracuda Networks Inc (NYSE:CUDA). Dimensional Fund Advisors Limited Partnership has 395,403 shares for 0% of their US portfolio. Intl Grp reported 12,670 shares or 0% of all its holdings. Okumus Fund Limited last reported 3.08 million shares in the company. Blackrock Investment Mngmt Limited Liability last reported 81,322 shares in the company. Pnc Group Inc last reported 0% of its portfolio in the stock. Springbok Ltd Liability Corp reported 3,100 shares or 0.01% of all its holdings. Oxford Asset Mgmt reported 44,873 shares or 0.03% of all its holdings. Federated Invsts Pa holds 18,026 shares or 0% of its portfolio. Dai Ichi Life Insurance Limited has 0.04% invested in the company for 78,692 shares. Tower Rech Cap Ltd Liability (Trc) has invested 0.01% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Barclays Public Ltd Com accumulated 0% or 3,151 shares. Capstone Advsr Ltd Company accumulated 0.01% or 22,896 shares. Deutsche Bank & Trust Ag has invested 0% of its portfolio in Barracuda Networks Inc (NYSE:CUDA). Ubs Asset Mgmt Americas holds 0% or 46,718 shares in its portfolio.

Insider Transactions: Since July 12, 2016, the stock had 0 insider purchases, and 20 sales for $19.76 million net activity. Another trade for 27,793 shares valued at $644,520 was made by Drako Dean M on Friday, November 4. Hughes Michael D sold $102,183 worth of Barracuda Networks Inc (NYSE:CUDA) on Tuesday, November 1. Jenkins William D Jr sold $80,920 worth of stock. ALLEN JEFFRY R also sold $132,862 worth of Barracuda Networks Inc (NYSE:CUDA) on Friday, July 22. $497,500 worth of shares were sold by Faugno David on Thursday, July 14.

Barracuda Networks Inc (NYSE:CUDA) Ratings Coverage

Out of 19 analysts covering Barracuda Networks (NYSE:CUDA), 10 rate it a “Buy”, 3 “Sell”, while 6 “Hold”. This means 53% are positive. Barracuda Networks has been the topic of 43 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Morgan Stanley on Friday, January 8. Morgan Stanley maintained it with “Equal-Weight” rating and $23 target price in Wednesday, October 12 report. The company was initiated on Thursday, September 10 by BTIG Research. DA Davidson downgraded it to “Underperform” rating and $19.50 target price in Friday, August 12 report. The stock has “Neutral” rating given by Guggenheim on Wednesday, January 20. The stock of Barracuda Networks Inc (NYSE:CUDA) earned “Outperform” rating by Imperial Capital on Friday, October 2. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 8. The firm earned “Neutral” rating on Wednesday, September 30 by Piper Jaffray. The firm has “Market Perform” rating given on Friday, January 8 by William Blair. On Wednesday, October 12 the stock rating was upgraded by Piper Jaffray to “Overweight”.

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 Fool.com with their article: “Why Barracuda Networks Inc. Is Swooning in 2016” published on June 29, 2016, Investorplace.com published: “Why It is Time to Focus on Barracuda Networks Inc (CUDA)” on November 15, 2016. More interesting news about Barracuda Networks Inc (NYSE:CUDA) were released by: Fool.com and their article: “3 Reasons Barracuda Networks, Inc. Stock Could Rise” published on May 24, 2016 as well as Fool.com‘s news article titled: “Will Barracuda Networks, Inc. Sink or Swim in 2016?” with publication date: April 19, 2016.

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