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Solid Earnings Report Nets Barracuda A Strong Buy From Vetr

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Benzinga's Top Upgrades, Downgrades For November 29, 2017
Benzinga's Top Upgrades, Downgrades For November 28, 2017

On Wednesday, the Vetr crowd upgraded their rating for Barracuda Networks Inc (NYSE: CUDA) from its 4 stars (Buy), issued five days ago, to 5 stars (Strong Buy). Crowd sentiment for the stock is primarily positive, with 75 percent of Vetr user ratings bullish.

Shares in the cloud and data security company jumped in the second week of January after a promising Q3 earnings report that topped most analyst EPS and revenue estimates. The stock reached a high of $25.43 on January 11, but has since retreated back to where it was trading prior to the report around the $23 level.

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Currently, the Vetr crowd's average target price for the stock is up at $27.32, which is above the average analyst target price of $25.13. Less than 2 percent of Vetr users are holding CUDA in their watch lists.

Latest Ratings for CUDA

DateFirmActionFromTo
Dec 2017JP MorganDowngradesOverweightNeutral
Nov 2017KeyBancDowngradesOverweightSector Weight
Nov 2017BTIG ResearchDowngradesBuyNeutral

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Posted-In: VetrUpgrades Crowdsourcing Analyst Ratings

 

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