Brocade Communications Systems (BRCD) has an average broker rating of 2.88, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Brocade Communications Systems (BRCD) stock is expected to deviate a maximum of $1.64 from the average target price of $9.95 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $13 and the most muted being $8.
Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains their rating on the shares of Brocade Communications Systems (NASDAQ:BRCD). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $11 per share from $10 per share. The rating by the firm was issued on August 26, 2016.
Brocade Communications Systems (NASDAQ:BRCD): The stock opened at $8.99 and touched an intraday high of $9.12 on Wednesday. During the day, the stock corrected to an intraday low of $8.98, however, the bulls stepped in and pushed the price higher to close in the green at $9.1 with a gain of 1.00% for the day. The total traded volume for the day was 4,696,211. The stock had closed at $9.01 in the previous trading session.
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.