Somewhat Favorable News Coverage Somewhat Unlikely to Affect Barracuda Networks (CUDA) Stock Price

Media coverage about Barracuda Networks (NYSE:CUDA) has trended somewhat positive on Friday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barracuda Networks earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 46.7327687450819 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern’s scoring:

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Several research analysts have recently weighed in on CUDA shares. Zacks Investment Research downgraded shares of Barracuda Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Robert W. Baird downgraded shares of Barracuda Networks from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, January 9th. Finally, Imperial Capital lifted their target price on shares of Barracuda Networks from $22.00 to $27.55 and gave the stock a “line” rating in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.76.

Shares of CUDA opened at $27.54 on Friday. Barracuda Networks has a 52 week low of $19.06 and a 52 week high of $27.95.

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Barracuda Networks Company Profile

Barracuda Networks, Inc 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 operations for its customers.

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