News articles about Brocade Communications Systems (NASDAQ:BRCD) have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brocade Communications Systems earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 47.1771779352414 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Brocade Communications Systems, Inc. (BRCD) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Brocade Communications Sys I (BRCD) Shareholder Weiss Asset Management LP Has Trimmed Stake; Livingston … – Hill Country Times (hillcountrytimes.com)
- Reviewing Brocade Communications Systems (BRCD) and Viavi Solutions (VIAV) (americanbankingnews.com)
- Head to Head Survey: Tellabs (TLAB) versus Brocade Communications Systems (BRCD) (americanbankingnews.com)
BRCD has been the topic of several research reports. BidaskClub upgraded shares of Brocade Communications Systems from a “sell” rating to a “hold” rating in a research note on Sunday, August 20th. Robert W. Baird restated a “hold” rating on shares of Brocade Communications Systems in a research note on Friday, August 25th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $12.75 price target on shares of Brocade Communications Systems in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.83.
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About Brocade Communications Systems
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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