Can The Uptrend Continue for Barracuda (CUDA)? - Tale of the Tape

By Zacks Equity Research,

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Investors certainly have to be happy with Barracuda Networks Inc. ( CUDA ) and its short term performance. After all, the stock has jumped by 6.8% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for CUDA?

While we can never know for sure, it is pretty encouraging that estimates for CUDA have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

BARRACUDA NTWRK (CUDA): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: CUDA

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