Brocade Communications Systems (BRCD) Shares are Down -9.77%

Brocade Communications Systems (BRCD) : During the past 4 weeks, traders have been relatively bearish on Brocade Communications Systems (BRCD), hence the stock is down -0.44% 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 -9.17% relative to the S&P 500. The 4-week change in the price of the stock is -0.65% and the stock has fallen -9.77% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.82% and the fifty day Moving Average is 1.49%. Brocade Communications Systems, Inc. is up 8.1% in the last three month period. Year-to-Date the stock performance stands at 1.71%.

Brocade Communications Systems (BRCD) : The highest short term price target forecast on Brocade Communications Systems (BRCD) is $11 and the lowest target price is $8. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $9.3 with a standard deviation of $1.36.


Brocade Communications Systems (NASDAQ:BRCD): On Fridays trading session , Opening price of the stock was $10.25 with an intraday high of $10.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.03. However, the stock managed to close at $9.24, a loss of 11.66% for the day. On the previous day, the stock had closed at $10.46. The total traded volume of the day was 25,330,013 shares.

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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