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Brocade Communications Systems, Inc. (NASDAQ:BRCD)

12 October 2017

Also, the number of funds holding Brocade Communications Systems Inc in their top 10 equity positions decreased from 10 to 7 for a decrease of 3. (NASDAQ:BRCD) opened at 12.63 on Friday. Moreover, Havens Advisors Llc has 5.04% invested in the company for 560,000 shares. The institutional investor held 120,166 shares of the company at the end of 2017Q2, valued at $1.26 million, up from 45,283 at the end of the previous reported quarter. The company has a market cap of $5.08 Billion. The stock declined 0.28% or $0.18 reaching $65.18 on the news.

About 108,860 shares traded. Quanta Services Inc (NYSE:PWR) has risen 39.30% since October 11, 2016 and is uptrending. It has underperformed by 36.49% the S&P500. PNC Financial Services Group Inc. raised its stake in Brocade Communications Systems by 13.8% during the 1st quarter.

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Ratings analysis reveals 15% of Brocade Communications Systems Inc.'s analysts are positive. On Friday, August 19 the stock rating was maintained by Citigroup with "Neutral". Wunderlich maintained the stock with "Hold" rating in Friday, August 26 report. Summit Research upgraded Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Thursday, August 24 with "Hold" rating. UBS has "Buy" rating and $11200 target. The rating was downgraded by UBS on Monday, February 8 to "Neutral". RBC Capital Markets maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) by 18.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The company was maintained on Friday, August 25 by Robert W. Baird. UBS maintained the shares of BRCD in report on Friday, August 26 with "Sell" rating. Citigroup maintained the stock with "Neutral" rating in Thursday, September 22 report. As per Tuesday, November 1, the company rating was upgraded by RBC Capital Markets. Finally, Zacks Investment Research downgraded Brocade Communications Systems from a "buy" rating to a "hold" rating in a report on Tuesday, July 25th. Its down 0.10, from 1.2 in 2017Q1. It worsened, as 36 investors sold BRCD shares while 76 reduced holdings. The active investment managers in our partner's database now possess: 324.45 million shares, up from 320.11 million shares in 2017Q1.

Brocade Communications Systems, Inc (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. Primecap Mngmt Ca reported 300,000 shares. For the most recent quarter, quick ratio was 2.70, current ratio was 2.80, LT Debt/Equity ratio was 0.58 and Total Debt/Equity ratio stands at 0.61, while Payout ratio is 282.80%. Cheyne Capital Management Uk Llp bought 514,011 shares as the company's stock rose 2.27% with the market. Alpha Windward Ltd Liability Company invested 0% of its portfolio in Brocade Communications Systems, Inc. Nomura Holdings Inc. owned approximately 0.20% of Brocade Communications Systems worth $10,431,000 as of its most recent filing with the SEC. (NASDAQ:BRCD) has a 20-day RSI of 54.88%. Northern holds 3.64M shares. The stock went down -2.84% at some stage in past quarter. Prudential owns 254,537 shares for 0% of their portfolio. Lombard Odier Asset Mngmt (Switzerland) has 0.27% invested in Visa Inc (NYSE:V) for 24,640 shares. The average investment rating for BRCD on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.00 or a Hold.

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Brocade Communications Systems, Inc. has a 1-year low of $8.64 and a 1-year high of $12.72.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. (BRCD)'s average Piotroski F-Score: 6 during the last 7 years. During the same period in the prior year, the company posted $0.21 EPS. BRCD's profit will be $53.77M for 23.71 P/E if the $0.13 EPS becomes a reality. After $-0.05 actual EPS reported by Brocade Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -360.00% EPS growth. Finally, Russell Investments Group Ltd. purchased a new stake in Brocade Communications Systems during the fourth quarter valued at about $1,629,000. Nasdaq.com's article titled: "Extreme Networks To Buy Data Center Business From Brocade Communications" and published on October 03, 2017 is yet another important article.

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Investors sentiment decreased to 0.93 in 2017 Q2. Westwood Gru Incorporated invested 0.05% of its portfolio in Visa Inc (NYSE:V). The Pennsylvania-based Gardner Lewis Asset Management L P has invested 4.95% in the stock. The Firm operates through two divisions: Electric Power Infrastructure Services, which provides network solutions to clients in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to clients involved in the development and transportation of natural gas, oil and other pipeline products. Great West Life Assurance Co Can reported 0.01% stake. Royal Bancorp Of Canada accumulated 160,428 shares. Panagora Asset owns 266,057 shares. 236,407 are owned by Peak6 Invests Lp.