Brocade Communications Systems Company Profile (NASDAQ:BRCD)

About Brocade Communications Systems

Brocade Communications Systems logoBrocade 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. The SAN Products segment includes infrastructure products and solutions that help customers develop and deploy storage and server consolidation, disaster recovery and data security. The IP Networking Products segment includes Layer 2 and Layer 3 Ethernet switches, and routers to connect users over private and public networks. The Global Services segment includes break or fix maintenance, installation, consulting, network management and software maintenance, and post-contract customer support. Its products enable customers to deploy architectures and technologies, including virtualization and cloud computing.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Data Storage Devices
  • Sub-Industry: Communications Equipment
  • Exchange: NASDAQ
  • Symbol: BRCD
  • CUSIP: 11162130
Key Metrics:
  • Previous Close: $12.39
  • 50 Day Moving Average: $12.43
  • 200 Day Moving Average: $11.05
  • 52-Week Range: $7.60 - $12.54
  • Trailing P/E Ratio: 24.18
  • Foreward P/E Ratio: 11.52
  • P/E Growth: 2.48
  • Market Cap: $5.01B
  • Outstanding Shares: 406,252,000
  • Beta: 0.88
Profitability:
  • Net Margins: 9.12%
  • Return on Equity: 13.41%
  • Return on Assets: 7.59%
Debt:
  • Debt-to-Equity Ratio: 0.59%
  • Current Ratio: 2.41%
  • Quick Ratio: 2.31%
Additional Links:
Companies Related to Brocade Communications Systems:

Analyst Ratings

Consensus Ratings for Brocade Communications Systems (NASDAQ:BRCD) (?)
Ratings Breakdown: 1 Sell Rating, 18 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.05)
Consensus Price Target: $10.88 (11.80% downside)

Analysts' Ratings History for Brocade Communications Systems (NASDAQ:BRCD)
Show:
DateFirmActionRatingPrice TargetDetails
11/22/2016Robert W. BairdReiterated RatingHoldView Rating Details
11/3/2016DA DavidsonDowngradeBuy -> Neutral$12.75View Rating Details
11/3/2016WunderlichDowngradeHold -> Sell$11.00View Rating Details
11/3/2016RBC Capital MarketsDowngradeOutperform -> Sector Perform$14.00 -> $12.75View Rating Details
11/3/2016Royal Bank of CanadaDowngradeOutperform -> Sector Perform$14.00 -> $12.75View Rating Details
11/2/2016Oppenheimer Holdings, Inc.Reiterated RatingHoldView Rating Details
11/2/2016Raymond James Financial, Inc.UpgradeUnderperform -> NeutralView Rating Details
11/2/2016ArgusDowngradeBuy -> HoldView Rating Details
11/1/2016Stifel NicolausReiterated RatingHold$10.00View Rating Details
9/22/2016JMP SecuritiesReiterated RatingHoldView Rating Details
9/22/2016Citigroup Inc.Lower Price TargetNeutral$11.00 -> $10.00View Rating Details
8/28/2016Piper Jaffray CompaniesSet Price TargetHold$9.00View Rating Details
8/26/2016BMO Capital MarketsReiterated RatingHold$10.00View Rating Details
8/26/2016Deutsche Bank AGBoost Price TargetHold$8.00 -> $9.00View Rating Details
8/23/2016Barclays PLCLower Price TargetEqual Weight$10.00 -> $9.00View Rating Details
5/31/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$9.00 -> $10.00View Rating Details
5/22/2016Wells Fargo & CoReiterated RatingHoldView Rating Details
5/22/2016William BlairReiterated RatingHoldView Rating Details
5/18/2016Bank of America CorpInitiated CoverageBuy -> Buy$10.00 -> $10.00View Rating Details
4/4/2016BTIG ResearchDowngradeHoldView Rating Details
4/4/2016Craig HallumReiterated RatingBuyView Rating Details
2/18/2016Buckingham ResearchLower Price TargetNeutral$10.00 -> $9.00View Rating Details
2/18/2016SunTrust Banks, Inc.Lower Price TargetNeutral$11.00 -> $10.00View Rating Details
11/24/2015J P Morgan Chase & CoDowngradeOverweight -> Neutral$14.00 -> $9.00View Rating Details
8/21/2015Summit ResearchUpgradeHold -> Buy$11.00 -> $14.00View Rating Details
4/13/2015WedbushInitiated CoverageNeutral$14.00View Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Brocade Communications Systems (NASDAQ:BRCD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/17/2017        
2/23/2017Q117$0.26$0.16$649.89 million$581.46 millionViewN/AView Earnings Details
11/21/2016Q416$0.22$0.33$639.96 million$657.30 millionViewN/AView Earnings Details
8/25/2016Q316$0.16$0.21$573.14 million$590.72 millionViewListenView Earnings Details
5/19/2016Q2$0.22$0.22$523.37 million$523.00 millionViewListenView Earnings Details
2/17/2016Q116$0.24$0.29$562.60 million$574.00 millionViewListenView Earnings Details
11/23/2015Q415$0.24$0.26$575.56 million$588.83 millionViewListenView Earnings Details
8/20/2015Q315$0.22$0.27$550.85 million$552.00 millionViewListenView Earnings Details
5/21/2015Q215$0.20$0.22$551.33 million$547.00 millionViewListenView Earnings Details
2/19/2015Q115$0.24$0.27$569.75 million$576.00 millionViewListenView Earnings Details
11/24/2014Q414$0.23$0.24$562.20 million$564.00 millionViewN/AView Earnings Details
8/21/2014Q314$0.19$0.23$534.71 million$545.00 millionViewN/AView Earnings Details
5/22/2014Q214$0.19$0.19$531.50 million$537.00 millionViewN/AView Earnings Details
2/19/2014Q114$0.20$0.24$550.69 million$565.00 millionViewN/AView Earnings Details
11/18/2013Q4$0.18$0.24$555.08 million$559.00 millionViewListenView Earnings Details
8/13/2013Q3 2013$0.12$0.19$518.84 million$536.60 millionViewN/AView Earnings Details
5/16/2013Q2 2013$0.15$0.17$544.24 million$538.80 millionViewN/AView Earnings Details
2/14/2013Q1 2013$0.16$0.21$575.62 million$589.00 millionViewN/AView Earnings Details
11/19/2012Q412$0.14$0.17$565.95 million$578.00 millionViewN/AView Earnings Details
8/16/2012$0.12$0.14ViewN/AView Earnings Details
5/17/2012$0.12$0.15ViewN/AView Earnings Details
2/21/2012$0.13$0.20ViewN/AView Earnings Details
11/21/2011$0.10$0.16ViewN/AView Earnings Details
8/18/2011$0.08$0.09ViewN/AView Earnings Details
5/19/2011$0.10$0.13ViewN/AView Earnings Details
2/17/2011$0.10$0.12ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Brocade Communications Systems (NASDAQ:BRCD)
Current Year EPS Consensus Estimate: $1.00 EPS
Next Year EPS Consensus Estimate: $1.07 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.25$0.25$0.25
Q4 20171$0.27$0.27$0.27
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Brocade Communications Systems (NASDAQ:BRCD)
Annual Dividend:$0.22
Dividend Yield:1.78%
Payout Ratio:42.31% (Based on Trailing 12 Months of Earnings)
22.00% (Based on Current Year Consensus EPS Estimate)
20.56% (Based on Next Year Consensus EPS Estimate)

Dividend History for Brocade Communications Systems (NASDAQ:BRCD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/23/2017quarterly$0.063/10/20174/4/2017
11/21/2016quarterly$0.0612/8/201612/12/20161/4/2017
8/25/2016quarterly$0.069/7/20169/9/201610/3/2016
5/19/2016quarterly$0.066/8/20166/10/20167/5/2016
2/17/2016quarterly$0.053/8/20163/10/20164/4/2016
11/23/2015quarterly$0.0512/8/201512/10/20151/4/2016
8/20/2015quarterly$0.059/8/20159/10/201510/2/2015
5/21/2015quarterly$0.051.44%6/8/20156/10/20157/2/2015
2/19/2015quarterly$0.041.17%3/6/20153/10/20154/2/2015
11/24/2014quarterly$0.041.25%12/8/201412/10/20141/2/2015
8/21/2014quarterly$0.041.36%9/8/20149/10/201410/2/2014
5/22/2014quarterly$0.046/6/20146/10/20147/2/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Brocade Communications Systems (NASDAQ:BRCD)
Insider Ownership Percentage: 1.60%
Institutional Ownership Percentage: 80.06%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/14/2016Lloyd CarneyCEOSell649,309$12.40$8,051,431.60View SEC Filing  
9/15/2016Ellen OdonnellSVPSell7,500$9.00$67,500.00View SEC Filing  
8/22/2016Gale E EnglandCOOSell10,000$10.19$101,900.00View SEC Filing  
6/10/2016Ellen OdonnellSVPSell8,129$8.87$72,104.23View SEC Filing  
5/31/2016Gale E EnglandCOOSell10,000$9.00$90,000.00View SEC Filing  
3/29/2016Daniel W FairfaxCFOSell12,000$10.23$122,760.00View SEC Filing  
2/22/2016Gale E EnglandCOOSell10,000$9.68$96,800.00View SEC Filing  
12/15/2015Ellen OdonnellSVPSell5,409$8.60$46,517.40View SEC Filing  
6/18/2015Gale E EnglandCOOSell10,000$12.48$124,800.00View SEC Filing  
6/17/2015John W GerdelmanDirectorSell80,000$12.40$992,000.00View SEC Filing  
6/15/2015Ellen OdonnellSVPSell15,627$12.15$189,868.05View SEC Filing  
6/11/2015L William KrauseDirectorSell20,000$12.37$247,400.00View SEC Filing  
5/27/2015Judy BrunerDirectorSell5,000$12.30$61,500.00View SEC Filing  
4/24/2015Daniel W FairfaxCFOSell25,000$12.01$300,250.00View SEC Filing  
3/30/2015Sanjay VaswaniDirectorSell20,000$11.75$235,000.00View SEC Filing  
3/26/2015Daniel W FairfaxCFOSell25,000$11.40$285,000.00View SEC Filing  
2/25/2015Daniel W FairfaxCFOSell25,000$12.39$309,750.00View SEC Filing  
1/26/2015Daniel W FairfaxCFOSell25,000$11.53$288,250.00View SEC Filing  
12/30/2014Daniel W FairfaxCFOSell75,000$12.00$900,000.00View SEC Filing  
12/23/2014Daniel W FairfaxCFOSell25,000$11.60$290,000.00View SEC Filing  
11/11/2014Lloyd CarneyCEOSell42,578$11.00$468,358.00View SEC Filing  
11/5/2014Lloyd CarneyCEOSell5,978$10.89$65,100.42View SEC Filing  
9/18/2014Ken ChengVPSell29,000$10.50$304,500.00View SEC Filing  
9/5/2014Lloyd CarneyCEOSell6,446$10.27$66,200.42View SEC Filing  
9/4/2014Ken ChengVPSell11,000$10.49$115,390.00View SEC Filing  
8/11/2014Lloyd CarneyCEOSell6,445$9.25$59,616.25View SEC Filing  
6/30/2014Lloyd CarneyCEOSell23,711$9.25$219,326.75View SEC Filing  
6/9/2014Ken ChengVPSell12,844$9.15$117,522.60View SEC Filing  
6/6/2014Ken ChengVPSell50,000$9.19$459,500.00View SEC Filing  
6/4/2014Ken ChengVPSell60,000$9.20$552,000.00View SEC Filing  
3/27/2014Ken ChengVPSell15,000$10.35$155,250.00View SEC Filing  
3/24/2014Ken ChengVPSell15,000$10.35$155,250.00View SEC Filing  
3/19/2014Ken ChengVPSell15,000$10.04$150,600.00View SEC Filing  
3/17/2014Daniel FairfaxCFOSell25,000$9.76$244,000.00View SEC Filing  
3/14/2014Ken ChengVPSell15,000$9.89$148,350.00View SEC Filing  
3/11/2014Ken ChengVPSell15,000$10.13$151,950.00View SEC Filing  
3/6/2014Ken ChengVPSell5,000$10.15$50,750.00View SEC Filing  
3/6/2014Sanjay VaswaniDirectorSell80,000$10.14$811,200.00View SEC Filing  
3/5/2014Tyler WallVPSell50,000$10.00$500,000.00View SEC Filing  
12/31/2013Daniel FairfaxCFOSell25,000$8.75$218,750.00View SEC Filing  
12/16/2013Judy BrunerDirectorSell50,000$8.31$415,500.00View SEC Filing  
12/2/2013Daniel FairfaxCFOSell25,000$8.75$218,750.00View SEC Filing  
11/15/2013Tyler WallVPSell28,809$8.14$234,505.26View SEC Filing  
10/30/2013Daniel W FairfaxCFOSell25,000$8.00$200,000.00View SEC Filing  
10/29/2013Tyler WallVPSell22,739$7.86$178,728.54View SEC Filing  
9/16/2013Renato DipentimaDirectorSell57,500$7.74$445,050.00View SEC Filing  
8/16/2013Tyler WallVPSell97,175$7.88$765,739.00View SEC Filing  
6/11/2013Daniel W FairfaxCFOSell12,000$5.75$69,000.00View SEC Filing  
3/5/2013Daniel W FairfaxCFOSell12,000$5.75$69,000.00View SEC Filing  
9/5/2012Alan L EarhartDirectorSell10,000$6.04$60,400.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Brocade Communications Systems (NASDAQ:BRCD)
DateHeadline
News IconBrocade Communications Systems Inc (NASDAQ:BRCD)
mundoaguaysaneamiento.net - February 24 at 9:12 PM
News IconThe Brocade Communications Systems, Inc. (BRCD) Stake Decreased by Profund Advisors LLC (NASDAQ:BRCD)
eleganthomesinla.com - February 24 at 9:12 PM
nasdaq.com logoPre-Market Most Active for Feb 24, 2017 : JCP, PAGP, TVIX, BAC, BRCD, CEMP, NOK, HCLP, HPE, NVDA, XIV, QQQ - Nasdaq (NASDAQ:BRCD)
www.nasdaq.com - February 24 at 4:10 PM
investopedia.com logoBroadcom Falls on Brocade Miss - Investopedia (NASDAQ:BRCD)
www.investopedia.com - February 24 at 4:10 PM
News IconTraders Alert: Brocade Communications Systems, Inc. (NASDAQ:BRCD), Great Panther Silver Ltd (NYSEMKT:GPL) - The Newburgh Press (NASDAQ:BRCD)
newburghpress.com - February 24 at 12:53 PM
News IconAnalysts Peeling Back The Layers on Brocade Communications Systems, Inc. (NASDAQ:BRCD): Consensus Take - Winfield Review (NASDAQ:BRCD)
winfieldreview.com - February 24 at 12:53 PM
News IconStock Buzz on Brocade Communications Systems, Inc. (NASDAQ:BRCD): Can They Meet the Earnings Target of $0.2 - Winfield Review (NASDAQ:BRCD)
winfieldreview.com - February 24 at 12:53 PM
News IconIs It Time to go for Janus Capital Group, Inc. (JNS), Brocade Communications Systems, Inc. (BRCD)? - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 24 at 12:53 PM
marketexclusive.com logoBrocade Communications Systems, Inc. (NASDAQ:BRCD) Files An 8-K Results of Operations and Financial Condition - Market Exclusive (NASDAQ:BRCD)
marketexclusive.com - February 24 at 12:53 PM
4-traders.com logoBrocade Communications : reports 1Q loss (NASDAQ:BRCD)
www.4-traders.com - February 23 at 9:00 PM
nasdaq.com logoBrocade Communications Systems Inc Reports 43% Decline In Q1 Earnings (NASDAQ:BRCD)
www.nasdaq.com - February 23 at 9:00 PM
biz.yahoo.com logoQ1 2017 Brocade Communications Systems Inc Earnings Release - After Market Close (NASDAQ:BRCD)
us.rd.yahoo.com - February 23 at 9:00 PM
us.rd.yahoo.com logoBrocade Announces First Quarter Fiscal 2017 Results (NASDAQ:BRCD)
us.rd.yahoo.com - February 23 at 9:00 PM
biz.yahoo.com logoBROCADE COMMUNICATIONS SYSTEMS INC Files SEC form 8-K, Results of Operations and Financial Condition (NASDAQ:BRCD)
us.rd.yahoo.com - February 23 at 9:00 PM
us.rd.yahoo.com logo4:38 pm Brocade misses by $0.10, misses on revs (NASDAQ:BRCD)
us.rd.yahoo.com - February 23 at 9:00 PM
us.rd.yahoo.com logoBrocade Reports Fiscal Q1 2017 Results (NASDAQ:BRCD)
us.rd.yahoo.com - February 23 at 9:00 PM
sg.finance.yahoo.com logoBrocade reports 1Q loss (NASDAQ:BRCD)
sg.finance.yahoo.com - February 23 at 9:00 PM
News IconKeeping Tabs on Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Rives Journal (NASDAQ:BRCD)
rivesjournal.com - February 23 at 4:00 PM
News IconBrocade Communications Systems, Inc. (BRCD): From Top to Bottom - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 23 at 4:00 PM
News IconInvestor Wire: Keeping an Eye on Brocade Communications Systems, Inc. (NASDAQ:BRCD) - The Standard (NASDAQ:BRCD)
6milestandard.com - February 22 at 12:03 PM
nasdaq.com logoArris nears deal to acquire Brocade''s networking business -sources - Nasdaq (NASDAQ:BRCD)
www.nasdaq.com - February 22 at 12:03 PM
News IconBuy or Sell? What Analysts Recommends: DiamondRock Hospitality Company (DRH), Brocade Communications ... - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 22 at 12:03 PM
News IconLooking at the Tea Leaves for Brocade Communications Systems, Inc. (BRCD) - The USA Commerce (NASDAQ:BRCD)
theusacommerce.com - February 21 at 12:49 PM
News IconAnalyst's Proposition on Brocade Communications Systems, Inc. (BRCD), Bellerophon Therapeutics, Inc. (BLPH) - The USA Commerce (NASDAQ:BRCD)
theusacommerce.com - February 21 at 12:49 PM
finance.yahoo.com logoProcera Networks and Brocade partnership improves visibility of mobile, over-the-top applications for QoE (NASDAQ:BRCD)
finance.yahoo.com - February 21 at 12:49 PM
4-traders.com logoBrocade Communications Systems, Inc. : quaterly earnings release (NASDAQ:BRCD)
www.4-traders.com - February 20 at 3:51 PM
News IconIs It Time to go for Brocade Communications Systems, Inc. (BRCD), Spirit Airlines, Inc. (SAVE)? - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 20 at 11:43 AM
News IconBrocade Communications Systems, Inc. (BRCD): Important Trade and Target Levels To Watch (NASDAQ:BRCD)
prensariotiretail.com - February 18 at 3:53 PM
News IconEPS Forecast Of Brocade Communications Systems, Inc. (NASDAQ ... - Transcript Daily (NASDAQ:BRCD)
transcriptdaily.com - February 17 at 3:32 PM
News IconMarket Review: Focusing on These Shares: Brocade Communications Systems Inc. (BRCD) - Baldwin Journal (NASDAQ:BRCD)
baldwinjournal.com - February 17 at 3:32 PM
News IconThe Technical Case for and Against Brocade Communications Systems, Inc. (BRCD) - The USA Commerce (NASDAQ:BRCD)
theusacommerce.com - February 17 at 3:32 PM
News IconJust the Facts on Brocade Communications Systems, Inc. (BRCD) - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 17 at 3:32 PM
4-traders.com logoBrocade Communications : Ruckus Wireless Expands Cloudpath Ecosystem with New Security Partnerships (NASDAQ:BRCD)
www.4-traders.com - February 16 at 4:06 PM
finance.yahoo.com logoRuckus Wireless Expands Cloudpath Ecosystem with New Security Partnerships (NASDAQ:BRCD)
finance.yahoo.com - February 16 at 4:06 PM
finance.yahoo.com logoBrocade Introduces Ruckus Cloudpath ES 5.1 Software to Secure Connected Internet of Things Devices (NASDAQ:BRCD)
finance.yahoo.com - February 16 at 8:50 AM
News IconEarnings Clues on Spirit Realty Capital, Inc. (SRC), Brocade ... - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 14 at 9:36 PM
News IconTaking a Look at the Chart for Brocade Communications Systems, Inc. (BRCD) - The USA Commerce (NASDAQ:BRCD)
www.theusacommerce.com - February 14 at 9:36 PM
News IconBrocade Communications Systems, Inc. (BRCD) Consensus Earnings Predictions (NASDAQ:BRCD)
eleganthomesinla.com - February 14 at 4:36 PM
News IconSell-side Consensus Sees Brocade Communications Systems, Inc. (NASDAQ:BRCD) Going Where Near-Term? - Aiken Advocate (NASDAQ:BRCD)
aikenadvocate.com - February 13 at 9:34 PM
finance.yahoo.com logoMario Gabelli's Top 3 New Holdings for the 4th Quarter (NASDAQ:BRCD)
finance.yahoo.com - February 13 at 4:32 PM
News IconMarket Spotlight: Focusing on Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Providence Standard (NASDAQ:BRCD)
providencestandard.com - February 10 at 8:35 PM
istreetwire.com logoStocks Alert: Opko Health, Inc. (OPK), Brocade Communications Systems, Inc. (BRCD), Globalstar, Inc. (GSAT) - iStreetWire (NASDAQ:BRCD)
istreetwire.com - February 10 at 3:32 PM
News IconBuy or Sell? Average Brokerage Ratings on Brocade ... - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 10 at 3:32 PM
News IconBrocade Communications Systems, Inc. (NASDAQ:BRCD) Eps and Price target Analysis (NASDAQ:BRCD)
mundoaguaysaneamiento.net - February 9 at 9:17 PM
News IconTaking a Look at the Data Behind Brocade Communications Systems, Inc. (BRCD) - StockNewsJournal (NASDAQ:BRCD)
stocknewsjournal.com - February 9 at 4:16 PM
News IconStock in Focus: Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Baldwin Journal (NASDAQ:BRCD)
baldwinjournal.com - February 8 at 9:15 PM
News IconBrocade Communications Systems, Inc. (NASDAQ:BRCD) Daily Sentiment Score At 0 - Stock Observer (NASDAQ:BRCD)
www.thestockobserver.com - February 8 at 9:15 PM
biz.yahoo.com logoBROCADE COMMUNICATIONS SYSTEMS INC Files SEC form 8-K, Change in Directors or Principal Officers, Other Events (NASDAQ:BRCD)
biz.yahoo.com - February 8 at 4:14 PM
News IconBrocade Communications Systems, Inc. (BRCD) : How Do the Technicals Stack Up? - The USA Commerce (NASDAQ:BRCD)
www.theusacommerce.com - February 7 at 2:06 AM
News IconEPS Growth overview of Brocade Communications Systems, Inc. (NASDAQ:BRCD) (NASDAQ:BRCD)
hoyentv.com - February 5 at 9:01 PM

Social

What is Brocade Communications Systems' stock symbol?

Brocade Communications Systems trades on the NASDAQ under the ticker symbol "BRCD."

How often does Brocade Communications Systems pay dividends? What is the dividend yield for Brocade Communications Systems?

Brocade Communications Systems announced a quarterly dividend on Thursday, February 23rd. Stockholders of record on Friday, March 10th will be paid a dividend of $0.055 per share on Tuesday, April 4th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.78%.

Where is Brocade Communications Systems' stock going? Where will Brocade Communications Systems' stock price be in 2017?

21 brokers have issued twelve-month price objectives for Brocade Communications Systems' stock. Their forecasts range from $9.00 to $13.00. On average, they anticipate Brocade Communications Systems' stock price to reach $10.88 in the next twelve months.

When will Brocade Communications Systems announce their earnings?

Brocade Communications Systems is scheduled to release their next quarterly earnings announcement on Wednesday, May, 17th 2017.

What are analysts saying about Brocade Communications Systems stock?

Here are some recent quotes from research analysts about Brocade Communications Systems stock:

  • According to Zacks Investment Research, "Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The world's premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition, the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their IT resources. " (1/23/2017)

  • Robert W. Baird analysts commented, "We expect FC SAN to face prolonged challenges due to the deflationary effect of AFA, and the rise of alternative storage/computing architectures (e.g., Hyperconverged)." (11/22/2016)

  • Bank of America Corp analysts commented, "secular headwinds," but sees many "near term catalysts for the stock." In Llani's view, "The street is not accurately modeling the earnings potential of the Ruckus acquisition."Related Link: Wunderlich Downgrades Brocade, Spooked By Guidance He sees a potential 10 percent upside for the EPS once the deal closes. The company is also set to release multiple SAN and switching products, which will generate over 87 percent of product revenues. The analyst also sees headwinds easing in the future, as new relationships in the SDN and NFV markets form.The "key risk factor" for BRCD's "secular headwinds" (5/18/2016)

Who owns Brocade Communications Systems stock?

Brocade Communications Systems' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.45%), Renaissance Technologies LLC (2.30%), Alpine Associates Management Inc. (1.69%), AQR Capital Management LLC (1.05%), Gardner Lewis Asset Management L P (0.99%) and Gabelli Funds LLC (0.45%). Company insiders that own Brocade Communications Systems stock include Daniel W Fairfax, Ellen Odonnell, Gale E England, John W Gerdelman, Judy Bruner, L William Krause, Lloyd Carney and Sanjay Vaswani.

Who sold Brocade Communications Systems stock? Who is selling Brocade Communications Systems stock?

Brocade Communications Systems' stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Putnam Investments LLC, Credit Agricole S A, I.G. Investment Management LTD., TCW Group Inc., Freestone Capital Holdings LLC, State Board of Administration of Florida Retirement System and Cadence Capital Management LLC. Company insiders that have sold Brocade Communications Systems stock in the last year include Daniel W Fairfax, Ellen Odonnell, Gale E England and Lloyd Carney.

Who bought Brocade Communications Systems stock? Who is buying Brocade Communications Systems stock?

Brocade Communications Systems' stock was purchased by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., Gardner Lewis Asset Management L P, Renaissance Technologies LLC, Gabelli Funds LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Gamco Investors INC. ET AL, GABELLI & Co INVESTMENT ADVISERS INC. and Vertex One Asset Management Inc..

How do I buy Brocade Communications Systems stock?

Shares of Brocade Communications Systems can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Brocade Communications Systems stock cost?

One share of Brocade Communications Systems stock can currently be purchased for approximately $12.33.

Brocade Communications Systems (NASDAQ:BRCD) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

Earnings History Chart

Earnings by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

Dividend History Chart

Dividend Payments by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

Last Updated on 2/25/2017 by MarketBeat.com Staff