The stock now has a Market Cap of $639.73M. (NASDAQ:BRCD): On Friday heightened volatility was witnessed in Brocade Communications Systems, Inc. According to their observations and findings, the stock could provide a high EPS of $0.24/share and a Low EPS of $0.14/share. The stock hit 1-yearhigh at $12.48 and a low of $7.44 in the same period. The stock has a market cap of $5.07 billion, a P/E ratio of 45.53 and a beta of 0.88. They now have a United States dollars 11 price target on the stock.
Brocade Communications Systems, Inc. on 02/23/2017 reported its EPS as $0.16 with the analysts projecting the EPS of the stock as $0.26.
The company is expected to report earnings of $-0.61 per share for the current quarter, according to consensus agreement of 8 analysts. Brocade Communications Systems has a one year low of $7.60 and a one year high of $12.54. The company had revenue of $581.46 million for the quarter, compared to analyst estimates of $649.89 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter a year ago.
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It is widely believed that the more practical proxy for the market's expectations is analyst's consensus price estimates.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Rhumbline Advisers holds 716,326 shares or 0.02% of its portfolio. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.77%. Brocade Communications Systems's payout ratio is presently 42.31%.
Several large investors have recently modified their holdings of BRCD. The stock has a 1-month performance of 0.37 percent and is -0.36 percent year-to-date as of the recent close. The stock exchanged hands with 3.85 million shares contrast to its average daily volume of 4.16 million shares. Barclays Capital initiated Brocade Communications Systems, Inc. Renaissance Technologies LLC now owns 9,343,049 shares of the company's stock valued at $116,695,000 after buying an additional 2,014,724 shares in the last quarter.
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On Friday, Mar 17, 2017 heightened volatility was witnessed in Brocade Communications Systems which led to swings in the share price.
05/18/2016 - Bank of America Merrill Lynch began new coverage on Brocade Communications Systems, Inc. giving the company a "buy" rating. Following the sale, the senior vice president now directly owns 11,226 shares of the company's stock, valued at approximately $138,865.62. (NASDAQ:BRCD) for 770,587 shares.
14-day Williams %R for Brocade Communications Systems, Inc. Robert W. Baird reaffirmed a "hold" rating on shares of Brocade Communications Systems in a report on Tuesday, November 22nd. On the other side, analysts now consider Brocade Communications Systems, Inc. a sell, and a technical analysis of the stock is setting somewhat neutral outlook for now.
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A total of 15 analysts have released a research note on BRCD. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.80. The company has a consensus rating of "Hold" and an average target price of $10.96. (Brocade) is a supplier of networking equipment including end-to-end Internet Protocol-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes including global enterprises and service providers such as telecommunication firms cable operators and mobile carriers.
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