Brocade Communications Systems Inc. has been the topic of 26 analyst reports since October 5, 2015 according to StockzIntelligence Inc. This rating was revealed to clients and investors in a note on Monday, 22 August.
Advertisement
05/03/2016 – Brocade Communications Systems, Inc. was downgraded to “hold” by analysts at Wunderlich. The RSI of 71.06 indicates the stock is overbought at the current levels, sell for now. This means 19% are positive. Brocade Communications Systems has a 12-month low of $7.40 and a 12-month high of $10.94.
On 8/22/2016, Brocade Communications Systems, Inc. (NTAP). The consensus rating is 3.2, suggesting the market has given up on the stock. The current price change puts the market capitalization at $4.11 bln. Bank of America initiated the firm’s rating on May 18. As of recent closing trade, the ask price and the bid price remained at 10.45 and 8.12 respectively. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. The shares, which traded within a range of $69.99 to $70.72 during the day, are up by 2.94% in the past three months and down by -1.73% over the past six months. Private Bank & Trust Co. acquired a new position in shares of Brocade Communications Systems during the second quarter valued at $101,000. As of January 30, 2016, the company operated 1,792 stores in the United States. It has outperformed by 13.54% the S&P500.
Analysts await Brocade Communications Systems, Inc. They expect $0.13 earnings per share, down 43.48% or $0.10 from last year’s $0.23 per share. The price to earnings growth is 3.10 and the price to sales ratio is 17. The stock established a negative trend of -0.68% in last week and indicated rise of 2.22% in previous month.
The institutional sentiment decreased to 1.17 in Q1 2016.
Brocade Communications Systems, Inc. had its “sector perform” rating reiterated by analysts at RBC Capital.
Adobe Systems Incorporated’s (ADBE) price volatility for a month noted as 1.20% however its price volatility for a week documented as 1.08%. 39 funds bought stakes while 117 increased positions. The stock negotiated total number of 4.4 million shares as compared to 3 months average volume of 8.48 million shares.
Shares of Brocade Communications Systems, Inc. rose by 6.08% in the last five trading days and 12.57% for the last 4 weeks. Strategic Global Advisors Llc owns 284,724 shares or 1.28% of their U.S. portfolio. The corporation holds 500.03 million outstanding shares and its 495.84 million shares were floated in the market. The Germany-based Lingohr & Partner Asset Management Gmbh has invested 1.06% in the stock. Adirondack Research & Management Inc., a New York-based fund reported 234,487 shares.
Advertisement
Brocade’s CEO, Lloyd Carney, stated, “The combined firm will be able to deliver superior focus and speed of innovation and best-in-class solutions spanning the full spectrum of networking”. The world’s premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes.
