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Brocade Communications Systems, Inc. (NASDAQ:BRCD) stock price target increased to $12.00, issued a research note today by DA Davidson

Only yesterday Brocade Communications Systems, Inc. (NASDAQ:BRCD) traded 0.87% higher at $9.31. The company’s 50-day moving average is $9.33 and its 200-day moving average is $9.22. With the last stock price close up 0.96% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,616,700 shares of the stock traded hands, down from an average trading volume of 5,821,550

In a report released on 10/03/2016 DA Davidson increased the stock price target of Brocade Communications Systems, Inc. (NASDAQ:BRCD) to $12.00 indicating a possible upside of 0.29%.

Previously on Friday September 23, 2016, Citigroup reported on Brocade Communications Systems, Inc. (NASDAQ:BRCD) reduced the target price from $11.00 to $10.00. At the time, this indicated a possible upside of 0.09%.

See Chart Below

Brocade Communications Systems, Inc. (NASDAQ:BRCD)

Brocade Communications Systems, Inc. has a 52 week low of $7.40 and a 52 week high of $10.94 with a P/E ratio of 16.93 The company’s market cap is currently $0.

Also covering Brocade Communications Systems, Inc.'s price target, a total of 15 brokerages have issued a ratings update on Brocade Communications Systems, Inc.. The 12-month price target is $9.80 with 0 brokers rating the company a strong buy, zero firms rating the stock a buy, 0 equity analysts rating the company a hold, 0 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell.

General Company Details For 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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