Brocade Communications Systems, Inc. (NASDAQ:BRCD) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded Brocade Communications Systems, Inc.(NASDAQ:BRCD) to Hold in a report released on 8/19/2016.
On 8/19/2016, Citigroup released a statement about Brocade Communications Systems, Inc.(NASDAQ:BRCD) bumped the target price from $8.50 to $10.00 that indicated a possible upside of 0.00%.
Having a price of $10.24, Brocade Communications Systems, Inc. (NASDAQ:BRCD) traded 1.81% lower on the day. With the last stock price up 4.17% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day average of $9.46 and two hundred day average of $9.33. 14,213,268 shares of BRCD were exchanged, up from ann avg. volume of 6,662,220
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With a market cap of $0.0, Brocade Communications Systems, Inc. has a price-earnings of 16 with a 52 week low of $7.40 and a one-year high of $10.94.
In addition to Zacks Investment Research reporting it’s target price, a total of 15 firms have released a research note on BRCD. The average target is $9.80 with 0 rating the company a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and finally 0 brokeragesrating the company as sell.
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 and post-contract customer support revenue.
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