Brocade Communications Systems (BRCD) Earns Coverage Optimism Rating of 0.11

Media headlines about Brocade Communications Systems (NASDAQ:BRCD) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brocade Communications Systems earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.6969304836084 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

BRCD has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a “hold” rating and set a $12.75 price objective on shares of Brocade Communications Systems in a research note on Friday, September 29th. Robert W. Baird restated a “hold” rating and set a $13.00 price objective on shares of Brocade Communications Systems in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.83.

Brocade Communications Systems (NASDAQ:BRCD) traded down $0.04 during trading hours on Tuesday, reaching $12.69. The company’s stock had a trading volume of 1,169,333 shares, compared to its average volume of 6,135,863. The company has a current ratio of 2.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.58. Brocade Communications Systems has a 52 week low of $11.43 and a 52 week high of $12.74. The company has a market cap of $5,270.00, a P/E ratio of 181.29, a PEG ratio of 2.93 and a beta of 0.54.

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Brocade Communications Systems Company Profile

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. The Company operates through three segments: SAN Products, IP Networking Products and Global Services.

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