News coverage about Brocade Communications Systems (NASDAQ:BRCD) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brocade Communications Systems earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.1538363121398 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Ruckus Launches New Versatile Switch Family for Next-Generation Networks (finance.yahoo.com)
- Risk Factors’ Evaluation – Brocade Communications Systems, Inc., (NASDAQ: BRCD) – Stock Watch (stocksnewstimes.com)
- Brocade Communications Systems Inc (NASDAQ: BRCD) – Hot Mover of the Day – Alpha Beta Stock (alphabetastock.com)
- Brocade Communications Systems, Inc. (BRCD) Sees Significant Growth in Short Interest (americanbankingnews.com)
- Brocade Communications Systems, Inc. (BRCD) in Intentions Seekers on Ratio Analysis- Akamai Technologies, Inc … – Investing News Update (investingbizz.com)
Several research firms have weighed in on BRCD. Zacks Investment Research downgraded shares of Brocade Communications Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded shares of Brocade Communications Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Robert W. Baird reissued a “hold” rating and issued a $13.00 price target on shares of Brocade Communications Systems in a research note on Friday, September 29th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $12.75 price target on shares of Brocade Communications Systems in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.83.
Brocade Communications Systems (NASDAQ BRCD) opened at $12.58 on Wednesday. Brocade Communications Systems has a 52-week low of $11.43 and a 52-week high of $12.72. The stock has a market cap of $5,218.22, a PE ratio of 39.41, a price-to-earnings-growth ratio of 2.90 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.78 and a quick ratio of 2.66.
Brocade Communications Systems (NASDAQ:BRCD) last released its quarterly earnings data on Thursday, August 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.12. Brocade Communications Systems had a net margin of 1.30% and a return on equity of 5.42%. The firm had revenue of $549.00 million for the quarter, compared to analysts’ expectations of $614.10 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. equities research analysts expect that Brocade Communications Systems will post 0.36 EPS for the current fiscal year.
Brocade Communications Systems Company Profile
Brocade Communications Systems, Inc (Brocade) 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. The Company operates through three segments: SAN Products, IP Networking Products and Global Services.
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