A statement released earlier today by D. A. Davidson about Brocade Communications Systems Inc. (NASDAQ:BRCD) ups the target price to $12.00
- Updated: October 3, 2016
Brocade Communications Systems Inc. (NASDAQ:BRCD) had its price target upped to $12.00 by D. A. Davidson in an issued report announced Tuesday October 04, 2016. The updated stock price target implies a potential upside of 0.29% based on the company's most recent stock price close.
On 10/03/2016, DA Davidson released a statement for Brocade Communications Systems Inc. (NASDAQ:BRCD) bumped up the target price from $0.00 to $12.00 that suggested an upside of 0.29%.
Boasting a price of $9.31, Brocade Communications Systems Inc. (NASDAQ:BRCD) traded 0.87% higher on the day. With the last stock price close up 0.96% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Brocade Communications Systems Inc. has recorded a 50-day average of $9.33 and a two hundred day average of $9.22. Volume of trade was down over the average, with 5,616,700 shares of BRCD changing hands under the typical 5,821,550
With a total market value of $0, Brocade Communications Systems Inc. has price-earnings ratio of 16.93 with a one year low of $7.40 and a one year high of $10.94 .
A total of 15 equity analysts have released a ratings update on BRCD. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.80.
Brief Synopsis About Brocade Communications Systems Inc. (NASDAQ:BRCD)
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. The Company has three operating segments: SAN Products, IP Networking Products and Global Services. The SAN Products segment includes infrastructure products and solutions that help customers develop and deploy storage and server consolidation, disaster recovery and data security. The IP Networking Products segment includes Layer 2 and Layer 3 Ethernet switches, and routers that are designed to connect users over private and public networks, including local area, metro, and within and across global data centers. The Global Services segment includes break/fix maintenance, installation, consulting, network management and software maintenance, and post-contract customer support revenue.
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