Why Barracuda Networks (CUDA) Could Be Positioned for a Surge? - Tale of the Tape
Barracuda Networks, Inc . ( CUDA ) is an IT services company 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 while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 2 cents a share 30 days ago, to 4 today, a move of 50.0%.
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 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 12 cents per share 30 days ago to 15 cents per share today, an increase of 25.0%.
The stock has also started to move higher lately, adding 5.7% 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 #2 (Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report