EPS Estimate for the next Quarter is 0.29. The business's revenue for the quarter was down 7.1% compared to the same quarter last year. analysts forecast that Brocade Communications Systems, Inc. will post 0.36 earnings per share for the current year. The results of the trading session contributed to over 5,477,327 shares changing hands.
Traders might be following the signals on shares of Brocade Comm Sys (BRCD). (NASDAQ:BRCD) has risen 58.47% since November 3, 2016 and is uptrending. It has outperformed by 41.77% the S&P500. (BRCD), Week Volatility is 3.28%, whereas Month Volatility is at 1.71%. Therefore 15% are positive.
BRCD has been the subject of a number of research reports. As per Thursday, April 6, the company rating was reinitiated by Seaport Global. Bank of America maintained the stock with "Underperform" rating in Tuesday, October 24 report. The company was initiated on Thursday, February 2 by Ladenburg Thalmann. Goldman Sachs has "Neutral" rating and $12 target.
Ratings analysis reveals 20% of Brocade's analysts are positive. It should be noted that increasing price and decreasing volume show lack of interest and this is a warning that something has fundamentally changed.
Since June 8, 2017, it had 0 buys, and 3 sales for $3.49 million activity. These players show their main role in buy or sell enormous chunks. The insider ODONNELL ELLEN sold $98,731. Nordea Investment Management AB increased its position in Brocade Communications Systems by 1.3% in the second quarter. The legal version of this story can be accessed at https://stocknewstimes.com/2017/11/04/brocade-communications-systems-inc-brcd-shares-sold-by-state-treasurer-state-of-michigan.html. 78 funds opened positions while 373 raised stakes. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,758 shares of the technology company's stock valued at $211,000 after acquiring an additional 1,087 shares in the last quarter. Walleye Trading Ltd Liability Corp has 974,028 shares. Liberty Mutual Gp Asset Mgmt has invested 0.08% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) has accumulated 1.82% over the course of one week. Brocade Communications Systems's dividend payout ratio (DPR) is now 39.29%. Havens Advisors LLC owned 0.17% of Brocade Communications Systems worth $8,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC). BidaskClub upgraded shares of Brocade Communications Systems from a "sell" rating to a "hold" rating in a report on Sunday, August 20th. (NASDAQ:BRCD) for 6,000 shares. Ny State Common Retirement Fund holds 900,324 shares. As its institutional ownership stands at 86.10%, the ownership flows provide evidence to be a good test of stock returns. Lsv Asset Management reported 2.80 million shares stake. During the same quarter in the previous year, the company posted $0.21 earnings per share. (NASDAQ:BRCD) or 497,795 shares. Bnp Paribas Arbitrage reported 333,233 shares or 0.01% of all its holdings. Gam Hldgs Ag holds 0.09% in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 208 shares. Brocade Communications Systems Inc. has a 52-week low of $7.40 and a 52-week high of $10.92.
Hawk Ridge Capital Management Lp holds 3.28% of its portfolio in Avnet, Inc. for 213,000 shares. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has "Equal-Weight" rating given on Tuesday, August 23 by Barclays Capital. DA Davidson has "Buy" rating and $12 target. The firm has "Sector Perform" rating by RBC Capital Markets given on Friday, May 20. UBS maintained Brocade Communications Systems, Inc. The rating was maintained by Citigroup on Friday, August 26 with "Neutral". The firm has "Underperform" rating by Credit Suisse given on Wednesday, January 25. The stock has "Hold" rating by Stifel Nicolaus on Thursday, May 25.
Another popular tool among technical stock analysts is the moving average.
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