Brocade Communications Systems (BRCD) Shares are Down -2.35%

Brocade Communications Systems (BRCD) : During the past 4 weeks, traders have been relatively bearish on Brocade Communications Systems (BRCD), hence the stock is down -10.84% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.87% relative to the S&P 500. The 4-week change in the price of the stock is -12.65% and the stock has fallen -2.35% in the past 1 week.

The stock has recorded a 20-day Moving Average of 4.61% and the 50-Day Moving Average is 4.16%.The 200 Day SMA reached 0.79% Brocade Communications Systems, Inc. is up 0.22% in the last 3-month period. Year-to-Date the stock performance stands at -0.93%.


Brocade Communications Systems (BRCD) : The most positive equity analysts on Brocade Communications Systems (BRCD) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $9.95 with an expected fluctuation of $1.56 from the mean.

Company shares have received an average consensus rating of Hold for the current week Brocade Communications Systems (NASDAQ:BRCD): stock was range-bound between the intraday low of $8.91 and the intraday high of $9.08 after having opened at $9.02 on Fridays session. The stock finally closed in the red at $9.02, a loss of -1.81%. The stock remained in the red for the whole trading day. The total traded volume was 14,213,268 shares. The stock failed to cross $9.08 in Fridays trading. The stocks closing price on Thursday was $8.945.

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.

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