Brocade Communications Systems (BRCD) : Zacks Investment Research ranks Brocade Communications Systems (BRCD) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 11 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.88, which indicates as a Hold.
Brocade Communications Systems (BRCD) : 10 Wall Street analysts covering Brocade Communications Systems (BRCD) believe that the average level the stock could reach for the short term is $8.9. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.13.
Shares of Brocade Communications Systems, Inc. rose by 6.08% in the last five trading days and 12.57% for the last 4 weeks. Brocade Communications Systems, Inc. is up 23.22% in the last 3-month period. Year-to-Date the stock performance stands at 13.38%. Brocade Communications Systems (NASDAQ:BRCD): stock turned positive on Tuesday. Though the stock opened at $10.21, the bulls momentum made the stock top out at $10.33 level for the day. The stock recorded a low of $10.18 and closed the trading day at $10.3, in the green by 1.18%. The total traded volume for the day was 10,159,767. The stock had closed at $10.18 in the previous days trading.
Brocade Communications Systems, Inc. (Brocade) is a supplier of networking equipment, including end-to-end Internet Protocol-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers. Brocade offers networking hardware and software products and services. Its products and services are marketed, sold and supported globally to end-user customers through distribution partners, including original equipment manufacturers, distributors, systems integrators, value-added resellers and directly to end-users by the Brocade direct sales force. The Company operates in four segments: Data Storage, Global Services, IP Layer 2-3 and IP Layer 4-7/ Application Delivery Products.