Shares of Barracuda Networks Inc(NYSE:CUDA) climbed more than 10% after an industry report said the company has the leading market share for integrated purpose build backup appliance (PBBA) units shipped worldwide.
The report by the IDC Worldwide Quarterly Purpose Built Backup Appliance Tracker estimated Barracuda had a 53.5% market share for 2013, and finished 4Q with a 53.7% market share, the company announced. The company also announced it has expanded its Barracuda Backup-as-a-Service (BaaS) offering worldwide.
In afternoon trading, CUDA was up 10.29% to $32.06.
Analysts have a consensus price target of $29.33 on Barracuda Networks Inc(NYSE:CUDA) which indicates a .91% 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.
The most recent analyst action consisted of Imperial Capital initiating coverage of the stock with a $40 price target.
DIRECTV (NASDAQ:DTV) has reached agreement to restore The Weather Channel to its channel lineup after a months-long dispute, the two companies announced in a statement. Directv shares rose more than 2%.
As part of the pact, The Weather Channel agreed to reduce reality programming by half on weekdays, return instant local weather and allow Directv customers to watch The Weather Channel’s video programming on multiple devices, the companies said.
Financial terms were not disclosed, but The Wall Street Journal said DirecTV would increase the fees it pays The Weather Channel by less than a penny per month per subscriber. The current fee paid to The Weather Channel is 13 cents per subscriber, the Journal said.
In afternoon trade, DTV was up 2.27% to $78.47. The Weather Channel is owned by a consortium that includes Comcast (CMCSA), which was down 0.41% to $48.88, and Blackstone (BX), down 3.43% to $30.10.
Analysts have a consensus price target of $74.17 on DIRECTV (NASDAQ:DTV) which indicates a 3.34% downside. The consensus rating of the stock is a HOLD with a score of 2.43. There are currently 11 Hold Ratings, 11 Buy ratings and 1 Sell rating on the stock.
The most recent analyst action consisted of Barclays boosting the price target of the stock from $68 to $73.
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