Brocade Communications Systems (BRCD) Shares are Up 1.94%

Brocade Communications Systems (BRCD) has been under a strong bear grip, hence the stock is down -1.6% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.5% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.94% in the last 1 week, and is up 0.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Brocade Communications Systems (NASDAQ:BRCD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.31 and $9.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.48, notching a gain of 2.38% for the day. The total traded volume was 2,336,937 . The stock had closed at $9.26 on the previous day.

The stock has recorded a 20-day Moving Average of 2.56% and the 50-Day Moving Average is 4.57%. Brocade Communications Systems, Inc. is up 18.04% in the last 3-month period. Year-to-Date the stock performance stands at 4.36%.

Brocade Communications Systems (BRCD) : Average target price received by Brocade Communications Systems (BRCD) is $8.9 with an expected standard deviation of $1.13. The most aggressive target on the stock is $11, whereas the most downbeat target is $8. 10 financial analysts are currently covering the stock.


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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