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Barracuda Networks (CUDA) Jumps: Stock Rises 6.8% - Tale of the Tape

Posted: 3/7/2014 9:39:00 AM
Referenced Stocks: ACXM;CUDA;DOX;INFY

Barracuda Networks, Inc. ( CUDA ) was a big mover last session, as its shares rose nearly 7% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as it is now trading above the volatile price range of $32.20 to $38.01 in the past one-month timeframe.

In the last 30-day frame, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Barracuda Networks currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other well-performing stocks in the IT services sector include Infosys Ltd. ( INFY ), Amdocs Limited ( DOX ) and Acxiom Corporation ( ACXM ). All three carry a Zacks Rank #2 (Buy).

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