The stock had a trading volume of 3.9 M shares.
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In the trailing 12 months period, return on assets ratio of the Company was 5.50% and return on equity ratio was 9.30% while its return on investment ratio was 11.80%. The last trading range of the stock ranges between $9.05 and $9.30.
When calculating EPS anticipates for the current year from sell-side analysts, the Price to current year EPS stands at 48.40%. 16 rated the company as a “Hold”. Brocade Communications Systems makes up approx 0.03% of Comerica Bank’s portfolio.Systematic Financial Management Lp boosted its stake in BRCD in the latest quarter, The investment management firm added 29,970 additional shares and now holds a total of 192,841 shares of Brocade Communications Systems which is valued at $1,835,846. The company’s net profit margin has achieved the current level of 2% and possesses 24.1% gross margin. The company traded as low as $12.26 on the day. Analyst’s mean target price for Infosys Limited (NYSE:INFY) is $18.86 while analysts mean recommendation is 2.70.
A number of Wall Street analysts stated their opinion on the stock. The firm attains analyst recommendation of 2.90 with week’s performance of 1.72%. At present, 1 analysts recommended Selling these shares while 10 recommended Hold, according to FactSet data. Analyst’s mean target price for Alibaba Group Holding Ltd (NYSE:BABA) is $108.57 while analysts mean recommendation is 1.80.
“An ecosystem built recently needs to embrace true openness”, said Ray Mota, chief executive officer and principal analyst, ACG Research.
Citigroup Inc. lowered Verizon Communications to a “market perform” rating in a report on Wednesday, July 20th. (NASDAQ:BRCD) now has mean rating of 2.9 while 1 analyst have recommended the shares as “BUY”, 2 commented as “OUTPERFORM” and 16 commented as “HOLD”. The trading began at US$9.13 but the price moved to US$9.05 at one point during the session and finally capitulating to a session high of US$9.3. Analyst expected twelve month price target of $10.72.
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The company’s price sits -2.98% below from its 50-day moving average of $9.46 and 0.16% far from the stock’s 200-day moving average which is $9.36. During the same period in the previous year, the company posted $1.04 earnings per share. The P/E ratio was recorded at 16.36.The volatility in the previous week has experienced by 1.95% and observed of 2.75% in the previous month.91.20% ownership is held by institutional investors while insiders hold ownership of 0.40%. The mean price target for the shares of company is at $10.72 while the highest price target suggested by the analysts is $19.00 and low price target is $8.00. The median estimate represents a 9.17% increase from the last price of 9.16. News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Verizon Communications Inc. with MarketBeat.com’s FREE daily email newsletter. RBC Capital Markets restated a “buy” rating on shares of Verizon Communications in a report on Monday, July 25th. 1 announced “Sell Rating” and 0 disclosed “Underweight Rating”. Most recently on 7/14/2016 the stock of Brocade Communications Systems, Inc.
