What are Analysts opinions on: Brocade Communications Systems, Inc. (NASDAQ:BRCD)

Andrew Cummings
March 1, 2017

Part of the data in this report is derived from Zacks Research and FactSet. The average and low price target for the stock are $12.36 and $11, respectively. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.23 to $0.29. Breaking those down we see that the ratings are as follows: 0 Strong Buy, 0 Rated Buy, 13 Rated Hold and 0 Rated Sell. Robert W. Baird reaffirmed a "hold" rating on shares of Brocade Communications Systems in a research note on Tuesday, November 22nd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and two have given a buy rating to the company's stock.

Many analysts have provided their estimated foresights on Brocade Communications Systems, Inc. (NASDAQ:BRCD) to post net income of about $0.25 per share on $648.88M in revenue. The Average Volume of the company is 4.95 Million and P/E (price to earnings) ratio is 44.35, while Forward P/E ratio is 11.91. (BRCD) has a US$5.03 Billion market cap.

Several analysts have released their opinion on Brocade Communications Systems, Inc. The Company has 52-week high of $12.54 and 52-week low of $7.6. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brocade Communications Systems, Inc. with MarketBeat.com's FREE daily email newsletter. The company reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.10.


These analysts also forecasted Growth Estimates for the Current Quarter for BRCD to be -4.5%. The median one-year price target of 11 analysts covering the company is $12.75, which suggests the stock could still rise over 3 percent. The company's quarterly revenue was up 1.3% compared to the same quarter past year. First Republic Investment Management Inc.'s holdings in Brocade Communications Systems were worth $1,827,000 as of its most recent filing with the SEC.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. (NASDAQ:BRCD) has tumbled 0.16% during the past week and has dropped 1.2% in the last 4 week period.

11/03/2016 - Brocade Communications Systems, Inc. was upgraded to "neutral" by analysts at UBS.


This report was published by BBNS and is the property of of BBNS. The original version of this article can be read at https://www.thecerbatgem.com/2017/02/28/brocade-communications-systems-inc-brcd-cut-to-sell-at-zacks-investment-research.html.

In other news, CEO Lloyd Carney sold 649,309 shares of the stock in a transaction on Wednesday, December 14th. Finally, DA Davidson lowered shares of Brocade Communications Systems from a buy rating to a neutral rating and set a $12.75 price target for the company.in a report on Thursday, November 3rd. Following the completion of the sale, the chief executive officer now owns 731,284 shares in the company, valued at $9,067,921.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

While looking at the Stock's Performance, Brocade Communications Systems, Inc. now shows a Weekly Performance of 0.08%, where Monthly Performance is -1.2%, Quarterly performance is -0.12%, 6 Months performance is 22.05% and yearly performance percentage is 26.05%. Finally, Timber Hill LLC bought a new position in shares of Brocade Communications Systems during the third quarter worth approximately $126,000. They are projecting Next Quarter growth of 4.8%. Ancora Advisors LLC purchased a new stake in Brocade Communications Systems during the fourth quarter valued at about $595,000. The third largest holder is Blackrock Fund Advisors, which now holds $199.07 million worth of this stock and that ownership represents almost 3.96% of its market capitalization. Similar statistics are true for the second largest owner, Goldman Sachs Group Inc, which owns 17,395,942 shares of the stock are valued at $214.49 million. The Company operates through three segments: SAN Products, IP Networking Products and Global Services.


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