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Why Barracuda Networks (CUDA) Could Be Positioned for a Surge

Barracuda Networks, Inc. CUDA is a company that designs and delivers security and data protection solutions that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CUDA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Barracuda Networks could be a solid choice for investors.  

Current Quarter Estimates for CUDA

In the past 30 days, 1 estimate has gone higher for Barracuda Networks with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from break-even  a share 30 days ago, to 1 cent today.

Current Year Estimates for CUDA

Meanwhile, Barracuda Networks’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 4 cents per share 30 days ago to 9 cents per share today, an increase of 55.6%.

Bottom Line

The stock has also started to move higher lately, adding 5.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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BARRACUDA NTWRK (CUDA): Free Stock Analysis Report
 
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