Brocade Communications Systems, Inc. (BRCD) Analysts Remain Upbeat Despite -0.39% Loss

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During the same quarter previous year, the company earned $0.22 earnings per share. Calvert Mgmt Inc has 0.01% invested in Brocade Communications Systems, Inc.

Brocade Communications Systems, Inc.'s average Free Cash Flow per Share Growth Rate was -37.3 percent during the past 12 months. The firm is expected to report its next quarterly earnings results on Thursday, August 24th. On average, analysts predict that Brocade Communications Systems, Inc. will post $0.59 earnings per share for the current year. For the next financial year, analysts forecast that the company will report earnings of $0.25 per share.

09/22/2016 - Brocade Communications Systems, Inc. had its "neutral" rating reiterated by analysts at Citigroup. (NASDAQ:BRCD). Bessemer Grp Inc stated it has 0% of its portfolio in Brocade Communications Systems, Inc. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.09. The business had revenue of $552.80 million for the quarter, compared to analyst estimates of $602.92 million.

11/03/2016 - Brocade Communications Systems, Inc. was downgraded to "neutral" by analysts at D.A. Davidson. For the same quarter previous year, the public company disclosed $0.22 Earnings Per Share.

The company has mean EPS estimate of 0.2 reported by 5 number of analyst for the quarter ending Current Qtr.(Jul2017).

Many brokerage firms have commented on BRCD.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. Zacks Investment Research raised Brocade Communications Systems from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Wednesday, May 31st. BidaskClub upgraded shares of Brocade Communications Systems from a "sell" rating to a "hold" rating in a research report on Thursday, June 29th. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. They now have a United States dollars 12.75 price target on the stock.

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ILLEGAL ACTIVITY NOTICE: "Brocade Communications Systems, Inc". The correct version of this news story can be read at https://www.thecerbatgem.com/2017/07/04/598-39-million-in-sales-expected-for-brocade-communications-systems-inc-nasdaqbrcd-this-quarter.html.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The shares were sold on March 22nd for an average price of $12.47. Bank of Montreal Can now owns 13,240 shares of the technology company's stock worth $166,000 after buying an additional 1,629 shares in the last quarter. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Senior Vice President Ellen Odonnell unloaded 7,811 stocks of the firms shares in a trade on early Wed, Jun 14th. The shares were sold on June 9th for an average price of $12.62.

Lloyd Carney, CEO disclosed the sale of 1,050,916 shares. In the last ninety days, insiders have sold 276,299 shares of company stock worth $3,487,050. The mood is changing for the stock and a big reason for that are the recent movements in both price and volume for BRCD. Finally, Capstone Asset Management Co. raised its stake in Brocade Communications Systems by 3.0% in the first quarter. Pentwater Capital Management LP bought a new stake in Brocade Communications Systems during the first quarter valued at $59,405,000. Cowen Group Inc. increased its stake in Brocade Communications Systems by 129.5% in the first quarter. PNC Financial Services Group Inc. now owns 11,792 shares of the technology company's stock worth $148,000 after buying an additional 1,430 shares during the period. 68,488 Brocade Communications Systems, Inc. Creative Planning now owns 11,743 shares of the technology company's stock valued at $147,000 after buying an additional 2,524 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Brocade Communications Systems by 21.0% in the first quarter. Stephens Inc. AR now owns 11,960 shares of the technology company's stock worth $149,000 after buying an additional 1,792 shares in the last quarter. About shares traded. Brocade Communications Systems, Inc. They now have a Dollars 8 price target on the stock. The stock's 50 day moving average price is $12.64 and its 200 day moving average price is $12.50. The company has a market capitalization of $5.19 billion, a P/E ratio of 86.71 and a beta of 0.67. The stock touched 52-week High of $12.69 on 07/03/17 and 52-week Low of $8.64 on 10/21/16.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 12th will be paid a dividend of $0.055 per share. (BRCD) Ex-Dividend Date Scheduled for ..." with publication date: "June 07, 2017.

11/03/2016 - Brocade Communications Systems, Inc. was upgraded to "neutral" by analysts at UBS.

Brocade Communications Systems, (Brocade) 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 operates through three segments: SAN Products, IP Networking Products and Global Services.

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