IQ Chaikin US Small Cap ETF (CSML) Is At $28.35 Formed Wedge; Shorts at Barracuda Networks (CUDA) Lowered By 23.41%

Barracuda Networks Incorporated (NYSE:CUDA) had a decrease of 23.41% in short interest. CUDA’s SI was 1.30M shares in December as released by FINRA. Its down 23.41% from 1.70 million shares previously. With 1.87M avg volume, 1 days are for Barracuda Networks Incorporated (NYSE:CUDA)’s short sellers to cover CUDA’s short positions. The stock increased 0.04% or $0.01 during the last trading session, reaching $27.47. About 1.00M shares traded. Barracuda Networks, Inc. (NYSE:CUDA) has risen 38.20% since December 25, 2016 and is uptrending. It has outperformed by 21.50% the S&P500.

IQ Chaikin US Small Cap ETF (CSML) formed wedge up with $29.48 target or 4.00% above today’s $28.35 share price. IQ Chaikin US Small Cap ETF (CSML) has $304.51M valuation. The ETF decreased 0.80% or $0.23 during the last trading session, reaching $28.35. About 40,157 shares traded. IQ Chaikin US Small Cap ETF (NASDAQ:CSML) has 0.00% since December 25, 2016 and is . It has underperformed by 16.70% the S&P500.

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The company has market cap of $1.47 billion. The firm offers cloud-enabled solutions that enable clients to address security threats, enhance network performance, and protect and store their data. It has a 161.59 P/E ratio. It provides various security solutions, including Barracuda Essentials for Email Security that offers multi-layer cloud protection against email attacks, data loss, and business disruption; Barracuda Email Threat Scan/Barracuda Email Threat Scanner, a cloud service that examines Office 365 mailboxes to identify latent threats and provide administrators with an in-depth view of their risk profile; and Barracuda Web Security Gateway, a solution to protect users from Web threats, and enhance productivity and optimize bandwidth.

Investors sentiment increased to 1.8 in Q3 2017. Its up 0.69, from 1.11 in 2017Q2. It increased, as 21 investors sold Barracuda Networks, Inc. shares while 33 reduced holdings. 38 funds opened positions while 59 raised stakes. 38.28 million shares or 17.31% more from 32.63 million shares in 2017Q2 were reported. Primecap Ca owns 675,000 shares or 0.01% of their US portfolio. Royal National Bank & Trust Of Canada has invested 0% of its portfolio in Barracuda Networks, Inc. (NYSE:CUDA). Advisors Asset Mngmt Incorporated stated it has 6,314 shares. Cornercap Invest Counsel holds 0.22% or 63,785 shares in its portfolio. Systematic Mgmt Lp reported 1.50 million shares. Whittier Tru, California-based fund reported 882 shares. Renaissance Tech invested in 2.73M shares or 0.08% of the stock. Wells Fargo & Mn invested 0% of its portfolio in Barracuda Networks, Inc. (NYSE:CUDA). Stifel Finance Corporation accumulated 0% or 12,868 shares. State Of Tennessee Treasury Department accumulated 0% or 25,475 shares. 596,532 were accumulated by Deutsche Bancshares Ag. The California-based Ami Asset Management has invested 0.93% in Barracuda Networks, Inc. (NYSE:CUDA). Alpha Cubed Invs Limited Liability, California-based fund reported 27,000 shares. Panagora Asset Incorporated owns 459,727 shares. Us Bank & Trust De invested 0% in Barracuda Networks, Inc. (NYSE:CUDA).

Among 23 analysts covering Barracuda Networks (NYSE:CUDA), 7 have Buy rating, 0 Sell and 16 Hold. Therefore 30% are positive. Barracuda Networks had 74 analyst reports since August 18, 2015 according to SRatingsIntel. On Tuesday, September 12 the stock rating was maintained by Needham with “Buy”. Stifel Nicolaus maintained Barracuda Networks, Inc. (NYSE:CUDA) rating on Wednesday, October 12. Stifel Nicolaus has “Buy” rating and $32 target. Imperial Capital maintained it with “Underperform” rating and $21 target in Wednesday, January 11 report. On Friday, January 8 the stock rating was downgraded by JMP Securities to “Market Perform”. The stock of Barracuda Networks, Inc. (NYSE:CUDA) has “Hold” rating given on Tuesday, November 28 by Needham. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, January 8. The firm has “Buy” rating given on Friday, January 8 by Topeka Capital Markets. On Monday, July 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was downgraded on Friday, August 12 by DA Davidson. As per Wednesday, November 29, the company rating was downgraded by KeyBanc Capital Markets.