Somewhat Positive Press Coverage Somewhat Unlikely to Affect Barracuda Networks (CUDA) Stock Price

Press coverage about Barracuda Networks (NYSE:CUDA) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Barracuda Networks earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 46.6395206330691 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

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Shares of NYSE:CUDA opened at $27.54 on Friday. Barracuda Networks has a twelve month low of $19.06 and a twelve month high of $27.95.

A number of research analysts recently issued reports on CUDA shares. Imperial Capital lifted their price target on shares of Barracuda Networks from $22.00 to $27.55 and gave the stock a “line” rating in a research note on Wednesday, January 10th. Zacks Investment Research downgraded shares of Barracuda Networks from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Robert W. Baird downgraded shares of Barracuda Networks from an “outperform” rating to a “neutral” rating and set a $28.00 price target for the company. in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.32.

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About Barracuda Networks

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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