Brocade Communications Systems Company Profile (NASDAQ:BRCD)

About Brocade Communications Systems

Brocade Communications Systems logoBrocade Communications Systems, Inc. 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 has three operating 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 that are designed to connect users over private and public networks, including local area, metro, and within and across global data centers. The Global Services segment includes break/fix maintenance, installation, consulting, network management and software maintenance, and post-contract customer support revenue.

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: $9.25
  • 50 Day Moving Average: $9.51
  • 200 Day Moving Average: $9.32
  • Trailing P/E Ratio: 16.82
  • Foreward P/E Ratio: 11.01
  • P/E Growth: -6.47
  • Market Cap: $3.71B
  • Outstanding Shares: 400,678,000
  • Beta: 0.79
Additional Links:
Companies Related to Brocade Communications Systems:

Analyst Ratings

Consensus Ratings for Brocade Communications Systems (NASDAQ:BRCD) (?)
Ratings Breakdown: 1 Sell Rating, 16 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.10)
Consensus Price Target: $10.19 (10.14% upside)

Analysts' Ratings History for Brocade Communications Systems (NASDAQ:BRCD)
Show:
DateFirmActionRatingPrice TargetDetails
8/28/2016RBC Capital MarketsReiterated RatingHoldView Rating Details
8/28/2016Piper Jaffray Cos.Set Price TargetHold$9.00View Rating Details
8/29/2016Robert W. BairdReiterated RatingUnderperform$8.00View 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
8/26/2016Citigroup Inc.Boost Price TargetNeutral$10.00 -> $11.00View Rating Details
8/26/2016WunderlichReiterated RatingHold$9.00 -> $11.00View Rating Details
8/23/2016Barclays PLCLower Price TargetEqual Weight$10.00 -> $9.00View Rating Details
8/22/2016Royal Bank Of CanadaBoost Price TargetSector Perform$10.00 -> $11.00View Rating Details
5/31/2016Goldman Sachs Group Inc.Boost Price TargetNeutral$9.00 -> $10.00View Rating Details
5/22/2016Oppenheimer Holdings Inc.Reiterated RatingHoldView Rating Details
5/22/2016Wells Fargo & Co.Reiterated RatingHoldView Rating Details
5/22/2016William BlairReiterated RatingHoldView Rating Details
5/18/2016Bank of America Corp.Initiated CoverageBuy -> Buy$10.00 -> $10.00View Rating Details
4/7/2016ArgusUpgradeHold -> Buy$15.00View 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
11/24/2015JPMorgan Chase & Co.DowngradeOverweight -> 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
11/28/2014S&P Equity ResearchReiterated RatingHoldView Rating Details
(Data available from 8/30/2014 forward)

Earnings

Earnings History for Brocade Communications Systems (NASDAQ:BRCD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/21/2016        
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: $0.72 EPS
Next Year EPS Consensus Estimate: $0.84 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:2.38%
Payout Ratio:39.29% (Based on Trailing 12 Months of Earnings)
30.56% (Based on Current Year Consensus EPS Estimate)
26.19% (Based on Next Year Consensus EPS Estimate)

Dividend History for Brocade Communications Systems (NASDAQ:BRCD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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
investornewswire.com logoCan Shares Of Brocade Communications Systems, Inc. (NASDAQ:BRCD) Get To $13? - Investor Newswire (NASDAQ:BRCD)
www.investornewswire.com - August 29 at 3:19 PM
News IconBrocade Communications Systems Inc. (BRCD) PT Raised to $11.00 at Citigroup Inc (NASDAQ:BRCD)
christiannewstoday.com - August 29 at 8:44 AM
247wallst.com logoHow Analysts Reacted to Brocade’s Earnings (NASDAQ:BRCD)
247wallst.com - August 28 at 3:47 PM
schaeffersresearch.com logoAnalyst Update: Splunk Inc, Brocade Communications Systems, Inc., and Express Scripts Holding Company - Schaeffers Research (blog) (NASDAQ:BRCD)
www.schaeffersresearch.com - August 27 at 3:50 PM
thecountrycaller.com logoBrocade Communications Systems, Inc. (BRCD) Reaffirmed at Sell, Despite Expectations Beat: UBS (NASDAQ:BRCD)
www.thecountrycaller.com - August 27 at 8:44 AM
investorplace.com logoBRCD, GME and ULTA stock ended the trading week on a bearish foot (NASDAQ:BRCD)
investorplace.com - August 27 at 8:44 AM
investorplace.com logoWhy Brocade Communications Systems, Inc. (BRCD), GameStop Corp. (GME) and Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) Are 3 of Today’s Worst Stocks (NASDAQ:BRCD)
investorplace.com - August 26 at 5:18 PM
News IconBrocade Communications Systems (BRCD) Results Surpasses Wall Street Expectations- Manitex International (MNTX ... - Seneca Globe (NASDAQ:BRCD)
www.senecaglobe.com - August 26 at 3:52 PM
blogs.barrons.com logoBrocade Tumbles Despite Q3 Earnings Beat, Bulls Scarce (NASDAQ:BRCD)
blogs.barrons.com - August 26 at 3:52 PM
fool.com logoWhy Brocade Communications Systems, Inc. Stock Dropped Today (NASDAQ:BRCD)
www.fool.com - August 26 at 2:40 PM
seekingalpha.com logoBrocade Communications Systems, Inc. (BRCD) CEO Lloyd Carney on Q3 2016 Results - Earnings Call Transcript - Seeking Alpha (NASDAQ:BRCD)
seekingalpha.com - August 26 at 12:00 PM
thestreet.com logoBrocade (BRCD) Stock Drops, JPMorgan Reduces Price Target on Q4 Outlook (NASDAQ:BRCD)
www.thestreet.com - August 26 at 12:00 PM
247wallst.com logoInvestors Send Brocade Shares Into the Fire After Earnings Beat (NASDAQ:BRCD)
247wallst.com - August 26 at 12:00 PM
publicnow.com logoBrocade Reports Fiscal Q3 2016 Results (NASDAQ:BRCD)
www.publicnow.com - August 25 at 9:23 PM
seekingalpha.com logoBrocade Communications Systems beats by $0.05, beats on revenue (NASDAQ:BRCD)
seekingalpha.com - August 25 at 5:19 PM
News IconArizona’s State University Research Initiatives Now Run By Brocade Communications Systems Inc (NASDAQ:BRCD) (NASDAQ:BRCD)
www.journaltranscript.com - August 25 at 4:00 PM
News IconStocks Under Review - Apple Inc. (NASDAQ:AAPL), Brocade Communications Systems, (NASDAQ:BRCD) - Money News (press release) (NASDAQ:BRCD)
www.newsismoney.com - August 25 at 8:49 AM
News IconStock Estimates Under Consideration: Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Post Registrar (NASDAQ:BRCD)
postregistrar.com - August 25 at 8:49 AM
biz.yahoo.com logoQ3 2016 Brocade Communications Systems Inc Earnings Release - After Market Close (NASDAQ:BRCD)
biz.yahoo.com - August 25 at 8:49 AM
News IconAnalysts Valuations For Two Stocks: Brocade Communications ... - The Voice Registrar (NASDAQ:BRCD)
voiceregistrar.com - August 24 at 3:54 PM
News IconWatch List - Brocade Communications Systems, (NASDAQ:BRCD), Apollo Global Management LLC (NYSE:APO) - Money News (press release) (NASDAQ:BRCD)
www.newsismoney.com - August 24 at 3:54 PM
bidnessetc.com logoBrocade Communications Systems, Inc (BRCD): Barclays Expects Positive Impact from Ruckus Takeover - Bidness ETC (NASDAQ:BRCD)
www.bidnessetc.com - August 24 at 3:54 PM
istreetwire.com logoStocks Roundup: Comcast (CMCSA), Brocade Communications (BRCD), Oasis Petroleum (OAS) - iStreetWire (NASDAQ:BRCD)
istreetwire.com - August 24 at 12:10 PM
News IconTech Stocks News Ring: Mobileye NV (NYSE:MBLY), Brocade Communications Systems, Inc. (NASDAQ:BRCD) - share market updates (press release) (NASDAQ:BRCD)
sharemarketupdates.com - August 24 at 12:10 PM
publicnow.com logoBrocade Helps Customers Build Agile Networks for Digital Business at VMworld 2016 (NASDAQ:BRCD)
www.publicnow.com - August 24 at 12:10 PM
marketrealist.com logoHow Do Analysts View Brocade Communications? (NASDAQ:BRCD)
marketrealist.com - August 23 at 4:01 PM
thestreet.com logoBrocade (BRCD) Stock Gains Ahead of Q3 Results (NASDAQ:BRCD)
www.thestreet.com - August 23 at 4:01 PM
News IconStock Trading Above Moving Averages: Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Post News (NASDAQ:BRCD)
www.kentuckypostnews.com - August 23 at 8:05 AM
investornewswire.com logoBrocade Communications Systems, Inc. (NASDAQ:BRCD) Gets 0 Recommendations To Sell - Investor Newswire (NASDAQ:BRCD)
www.investornewswire.com - August 23 at 8:05 AM
finance.yahoo.com logoBrocade Analytics Monitoring Platform Delivers Unprecedented Insight Into Storage Networks (NASDAQ:BRCD)
finance.yahoo.com - August 23 at 8:05 AM
4-traders.com logoBrocade Communications Systems, Inc. : quaterly earnings release (NASDAQ:BRCD)
www.4-traders.com - August 22 at 4:00 PM
marketrealist.com logoWhat Does Brocade Expect for Fiscal 3Q16? (NASDAQ:BRCD)
marketrealist.com - August 22 at 4:00 PM
finance.yahoo.com logoBrocade Powers Arizona State University's Research Initiatives (NASDAQ:BRCD)
finance.yahoo.com - August 22 at 8:45 AM
News IconAnalysts Valuations For Two Stocks: Brocade Communications Systems, Inc. (NASDAQ:BRCD), Synergy Resources ... - The Voice Registrar (NASDAQ:BRCD)
voiceregistrar.com - August 16 at 4:03 PM
investornewswire.com logoWill Brocade Communications Systems, Inc. (NASDAQ:BRCD) Hit $11 Price Target? - Investor Newswire (NASDAQ:BRCD)
www.investornewswire.com - August 15 at 4:07 PM
News IconWhiting Petroleum Corp (NYSE:WLL) & Brocade Communications ... - Money News (press release) (NASDAQ:BRCD)
www.newsismoney.com - August 12 at 12:36 PM
News IconEXACT Sciences Corporation (NASDAQ:EXAS) & Brocade Communications Systems, (NASDAQ:BRCD) Trader's ... - Money News (press release) (NASDAQ:BRCD)
www.newsismoney.com - August 12 at 12:36 PM
News IconBrokerage Recom. Worth Watching: Brocade Communications Systems, Inc. (NASDAQ:BRCD) - The Voice Registrar (NASDAQ:BRCD)
voiceregistrar.com - August 11 at 12:06 PM
investornewswire.com logoEarnings Surprise In Focus: Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Investor Newswire (NASDAQ:BRCD)
www.investornewswire.com - August 11 at 12:06 PM
finance.yahoo.com logoBrocade vADC Solution Now Available on the Microsoft Azure Marketplace (NASDAQ:BRCD)
finance.yahoo.com - August 10 at 3:24 PM
News Icon7 Stocks to Buy for the Federal Reserve Rate Hike Strong job growth likely accelerated Janet Yellen's rate hike timeline (NASDAQ:BRCD)
www.minyanville.com - August 9 at 12:51 PM
News IconBrocade Communications Systems, Inc. (NASDAQ:BRCD) Earnings Preview: Should Investors Be Nervous? - The Voice Registrar (NASDAQ:BRCD)
voiceregistrar.com - August 5 at 3:59 PM
nasdaq.com logoBRCD Makes Bullish Cross Above Critical Moving Average (NASDAQ:BRCD)
www.nasdaq.com - August 4 at 4:04 PM
publicnow.com logoBrocade to Announce Third Quarter Fiscal 2016 Results on August 25, 2016 (NASDAQ:BRCD)
www.publicnow.com - August 4 at 12:32 PM
fortune.com logoAnalyst Views That Are Worth Watching: GameStop Corp. (NYSE:GME), Brocade Communications Systems, Inc ... - Review Fortune (NASDAQ:BRCD)
reviewfortune.com - August 3 at 12:38 PM
streetupdates.com logoAnalysts Spotlight: NVIDIA Corporation (NASDAQ:NVDA) , Brocade Communications Systems, Inc. (NASDAQ:BRCD) - Street Updates (NASDAQ:BRCD)
www.streetupdates.com - August 3 at 12:38 PM
realistinvestor.com logoBrocade Communications Systems, Inc. (NASDAQ:BRCD) Mean Price Target At $8.9 - RealistInvestor.com (NASDAQ:BRCD)
www.realistinvestor.com - August 3 at 12:38 PM
capitalcube.com logoBrocade Communications Systems, Inc. breached its 50 day moving average in a Bearish Manner : BRCD-US : August 3, 2016 (NASDAQ:BRCD)
www.capitalcube.com - August 3 at 12:38 PM
istreetwire.com logo3 Trending Stocks: Brocade Communications (BRCD), Antero Resources (AR), NRG Energy (NRG) - iStreetWire (NASDAQ:BRCD)
istreetwire.com - August 2 at 9:36 PM
nasdaq.com logoStrategy To YieldBoost BRCD From 2.4% To 12.6% Using Options (NASDAQ:BRCD)
www.nasdaq.com - August 2 at 8:46 AM

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Brocade Communications Systems (NASDAQ:BRCD) Chart for Tuesday, August, 30, 2016


Last Updated on 8/30/2016 by MarketBeat.com Staff