Tech Stocks on the Move: Barracuda Networks Inc (NYSE:CUDA), AOL, Inc.(NYSE:AOL)

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Barracuda Networks Inc (NYSE:CUDA) has given back all of last Friday’s post-earnings gains and is trading more than 10% lower at a near 5-month low.

After the close on Thursday, the security and storage solutions company reported Q4 earnings of $0.06 per share, beating estimates of $0.01 per share. Revenue of $60.3 million, rose 14.9% from $52.47 million in the same quarter last year and beat estimates of $59.67 million.

The upbeat results pushed the stock through $30 per share for the first time in 2 weeks on Friday. But the move fizzled just after the open and continues to weigh on the stock price Monday.

Analysts have a consensus price target of $29.33 on Barracuda Networks Inc (NYSE:CUDA) which indicates a 5.93% upside. The consensus rating of the stock is a BUY with a score of 2.88. There are currently 1 Hold Rating, 7 Buy ratings on the stock.

A recent analyst action consisted of Imperial Capital initiating coverage of the stock with a $40 price target.

AOl (AOL) said Monday it is investigating a security breach involving a significant number of its millions of user accounts, including email addresses, passwords and other personal information. Shares rose 1%.

The AOL company blog said there was no evidence customers’ financial information was compromised since that information is encrypted.

AOL’s investigation began following a noticeable jump in the amount of spam appearing as “spoofed emails” from AOL Mail addresses. Spoofing is a tactic used by spammers to make it appear that a message is from an email user known to the recipient in order to trick the recipient into opening it.

AOL said the breach amounts to serious criminal activity, and the company was working with federal authorities to limit any potential damage.

Analysts have a consensus price target of $51 on AOL, Inc.(NYSE:AOL) which indicates a 17% upside. The consensus rating of the stock is a BUY with a score of 2.57. There are currently 6 Hold ratings and 8 Buy ratings on the stock. A recent analyst action consisted of Ned Davis Research upgrading the stock from a Neutral rating to a Buy rating.

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