Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). Following the completion of the transaction, the chief operating officer now directly owns 74,568 shares of the company’s stock, valued at approximately $759,847.92. (NASDAQ:BRCD) went down -0.87% during trading on 8/24/2016, hitting $10.33.
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A number of other brokerages also recently weighed in on BRCD. The count of Hold ratings in that period was 1. Revenue increased 7% from a year ago to $591 million, also topping the consensus at $576.3 million. Trade volume was was up over the average, with 8,872,877 shares of BRCD changing hands over the typical 8,411,050 shares. The dividend payment will be made on October 3, 2016, to stockholders of record at the close of market on September 9, 2016. The analyst recommendations from a month ago are 0 Buy, 3 Strong Buy, 0 Sell, 2 Hold and 12. Non-GAAP diluted EPS was $0.21 for THIRD QUARTER 2016, down 21% year-over-year and down 2% quarter-over-quarter. The stock’s price moved above its 200 day moving average of $9.31. On these bases, analysts would recommend this stock as an “Active Spinning Stocks”. That range was slightly higher than its previous Q3 guidance, but didn’t compare favorably to the average analyst expectation for a profit of $1.30 for the third quarter. Private Bank & Trust Co. acquired a new stake in Brocade Communications Systems during the second quarter worth $101,000.
The world’s biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn’t miss a beat: There’s a small company that’s powering their brand-new gadgets and the coming revolution in technology. Ladenburg Thalmann Financial Services Inc. boosted its position in Brocade Communications Systems by 4.8% in the first quarter. Barry Investment Advisors LLC raised its stake in Brocade Communications Systems by 15.9% in the second quarter.
Brocade Communications Systems, Inc.’s (BRCD) has YTD performance of 15.14%. Raymond James Trust N.A. raised its stake in Brocade Communications Systems by 47.3% in the second quarter.
During the quarter, Brocade launched the Brocade X6 Director, the industry’s first Gen 6 Fibre Channel director for mission-critical storage connectivity.
In a different news, on Aug 23, 2016, Gale E. England (COO and SVP Operations) sold 10,000 shares at $10.19 per share price.
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The lowest EPS estimate for the company came in at $0.21 while the highest was $0.23. The disclosure for this sale can be found here. For the next 5 years, Brocade Communications Systems, Inc.is expecting Growth of 4.4% per annum, whereas in the past 5 years the growth was 16.54% per annum. Now the stock has been rated as “Buy” from 15 Analysts. It operates through three segments: SAN Products, IP Networking Products, and Global Services. The average numbers of shares are traded in a security per day, during the recent 3-month period.
