Price Target Overview of Brocade Communications Systems, Inc. (NASDAQ:BRCD)

The 9 analysts offering 12-month price forecasts for Brocade Communications Systems Inc have a median target of 12.75, with a high estimate of 13.00 and a low estimate of 11.50.

Several hedge funds have recently added to or reduced their stakes in BRCD. The average stock price target is $9.80 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. Baird reissued a hold rating on shares of Brocade Communications Systems in a report on Tuesday, November 22nd. Retirement Systems of Alabama bought a new position in shares of Brocade Communications Systems during the second quarter valued at about $5,527,000.

Brocade Communications Systems, Inc. has 1 year price target of $12.36. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating and three have given a buy rating to the company.

The price/earnings ratio (P/E) is 23.62 and the forward P/E ratio stands at 11.45.

Shares of Brocade Communications Systems (NASDAQ:BRCD) traded down 0.08% on Friday, hitting $12.31. The last session's volume of 2.95 million shares was lower than its average volume of 4.90 million shares. Brocade Communications Systems has a 1-year low of $7.60 and a 1-year high of $12.54. The stock is down -1.36% in this year through last close, and the beta ratio has a value of 0.88. (NASDAQ:BRCD) topped its 52-week high price of $12.54 on Feb 3, 2017 and 52-Week Low Price of $7.6 on May 20, 2016.

Brocade Communications Systems, Inc. on 02/23/2017 reported its EPS as $0.16 with the analysts projecting the EPS of the stock as $0.26. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by $0.10. The business earned $581.46 million during the quarter, compared to the consensus estimate of $649.89 million. Net profit margin of the company was recorded at 4.9 percent, operating profit margin was 8.1 percent, whereas gross profit margin stands at 63.5 percent.

Along with these its year to date performance is standing at -1.28%. During the same quarter in the previous year, the firm posted $0.29 EPS.

EPS in next five year years is expected to touch 5.00% while EPS growth in past 5 year was 38.20% along with sales growth of 1.80% in the last five years.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. It has a dividend yield of 1.78%. Brocade Communications Systems's payout ratio is presently 42.31%.

During last 5 trades the stock sticks nearly 0.08%. Following the sale, the chief executive officer now owns 731,284 shares in the company, valued at approximately $9,067,921.60. Institutional investors own 80.06% of the company's stock. Brocade Communications Systems, Inc. got Downgrade on 3-Nov-16 where investment firm DA Davidson Downgrade the stock from Buy to Neutral. Vertex One Asset Management Inc. purchased a new stake in Brocade Communications Systems during the fourth quarter valued at about $6,183,000. Ancora Advisors LLC bought a new position in shares of Brocade Communications Systems during the fourth quarter valued at about $595,000. The third largest holder is Blackrock Fund Advisors, which now holds $199.07 million worth of this stock and that ownership represents almost 3.96% of its market capitalization.

Brocade Communications Systems, Inc is a supplier of networking hardware, software and services, including storage area networking (SAN) solutions, and Internet protocol (IP) networking solutions for businesses and organizations of various types and sizes.

  • Zachary Reyes