A look at Barracuda Networks Inc — Exact Double.

by DAN Barracuda Networks Inc ($CUDA) averages are at $34.29 (21 day SMA), $34.54 (50 day SMA), $0.00 (200 day SMA). Over the past 52 weeks CUDA has traded from a low of $18.63 to a high of $41.30. CUDA was last at $43.25 on a volume of 112,685. Average daily volume has been at 226,956.

52 Week Range $18.63-$41.30 Market Cap 2,111,885,321 Average Volume 226,956 Dividend Yield 0.00% Institutional Ownership 38.20% Insider Ownership: 0.00% Percentage of Float Short 1.10% Beta 6.91

Barracuda Networks (CUDA) first began trading last November, opening at $22.20. Earlier today that stock printed $44.40 — an exact double, While the stock has fallen away from that price, it remains above the breakout level shown in the chart above. Technical traders may want to pay particularly close attention to any further pullback in price. Any return to $40 must find support at that level — otherwise, this breakout is a false move and will likely lead to further consolidation.

Barracuda Networks, Inc., designs and delivers security and storage solutions. It offers cloud-connected solutions that help customers address security threats, improve network performance and protect and store data.

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