What to Look for in Barracuda Earnings

Barracuda Networks Inc. (NYSE: CUDA) is scheduled to report its fiscal fourth-quarter financial results after the markets close on Tuesday. The consensus estimates from Thomson Reuters are $0.09 in earnings per share (EPS) on revenue of $80.89 million. In the same period of last year, it posted EPS of $0.07 and $72.18 million in revenue.

This company designs and delivers powerful security and storage solutions that are cloud-connected and help customers address security threats, improve network performance and protect and store their data. If you have traveled via an airport in the past decade, you have likely seen their wall advertisements.

Barracuda provides various security solutions, including email security solutions, such as Barracuda Spam Firewall and Barracuda Email Security Service; Barracuda Web Filter, a web security solution to protect users from rapidly evolving web-based threats, as well as to enhance productivity and optimize bandwidth; next-generation firewall solutions, just to name a few.
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During the first quarter, a few analysts weighed in on Barracuda:

• BTIG Research has a Buy rating with a $20 price target.
• BWS Financial has a Buy rating with a $20 price target.
• Guggenheim has a Neutral rating.
• Stephens has a Hold rating.

So far in 2016, Barracuda has underperformed the broad markets, with the stock down 15%. Over the past 52 weeks, the stock is down 65%.

Shares of Barracuda were trading down 3.5% at $15.34 on Tuesday, with a consensus analyst price target of $18.08 and a 52-week trading range of $9.44 to $45.34.