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Barracuda Networks (CUDA) Catches Eye: Stock Jumps 18.8%
Barracuda Networks, Inc. was a big mover last session, as the company saw its shares rise almost 19% on the day. The upside was driven after the company announced robust first-quarter fiscal 2017 results on Jul 7, 2016. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $14.03 to $18.43 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate moved lower suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Barracuda Networks has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another better-ranked stock in the IT Services industry is CDK Global, Inc. sporting a Zacks Rank #1 (Strong Buy).
Is CUDA going up? Or down? Predict to see what others think: Up or Down
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