About Brocade Communications Systems (NASDAQ:BRCD)
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. 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: Communications & Networking
- Sub-Industry: Communications Equipment
- Symbol: NASDAQ:BRCD
- CUSIP: 11162130
- Web: www.brocade.com
- Market Cap: $4.92 billion
- Outstanding Shares: 413,816,000
- 50 Day Moving Avg: $12.13
- 200 Day Moving Avg: $12.43
- 52 Week Range: $8.67 - $12.72
Sales & Book Value:
- Trailing P/E Ratio: 167.61
- Foreward P/E Ratio: 17.00
- P/E Growth: 3.90
- Annual Revenue: $2.34 billion
- Price / Sales: 2.10
- Book Value: $6.10 per share
- Price / Book: 1.95
- Annual Dividend: $0.22
- Dividend Yield: 1.9%
- EBITDA: $354.21 million
- Net Margins: 1.30%
- Return on Equity: 5.42%
- Return on Assets: 2.84%
- Debt-to-Equity Ratio: 0.58%
- Current Ratio: 2.78%
- Quick Ratio: 2.66%
- Average Volume: 8.22 million shs.
- Beta: 0.63
- Short Ratio: 5.11
Frequently Asked Questions for Brocade Communications Systems (NASDAQ:BRCD)
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 declared a quarterly dividend on Thursday, August 24th. Investors of record on Monday, September 11th will be given a dividend of $0.055 per share on Tuesday, October 3rd. This represents a $0.22 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, September 8th. View Brocade Communications Systems' Dividend History.
How were Brocade Communications Systems' earnings last quarter?
Brocade Communications Systems, Inc. (NASDAQ:BRCD) announced its quarterly earnings data on Thursday, August, 24th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.12. The business earned $549 million during the quarter, compared to analysts' expectations of $614.10 million. Brocade Communications Systems had a net margin of 1.30% and a return on equity of 5.42%. The company's revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. View Brocade Communications Systems' Earnings History.
Where is Brocade Communications Systems' stock going? Where will Brocade Communications Systems' stock price be in 2017?
8 equities research analysts have issued 1-year price objectives for Brocade Communications Systems' shares. Their predictions range from $11.00 to $13.00. On average, they anticipate Brocade Communications Systems' share price to reach $12.45 in the next year. View Analyst Ratings for Brocade Communications Systems.
What are analysts saying about Brocade Communications Systems stock?
Here are some recent quotes from research analysts about Brocade Communications Systems stock:
- 1. 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. " (7/25/2017)
- 2. 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)
Are investors shorting Brocade Communications Systems?
Brocade Communications Systems saw a decrease in short interest in the month of September. As of September 29th, there was short interest totalling 35,087,186 shares, a decrease of 13.6% from the September 15th total of 40,605,425 shares. Based on an average daily trading volume, of 7,037,013 shares, the days-to-cover ratio is currently 5.0 days. Approximately 8.5% of the company's shares are short sold.
Who are some of Brocade Communications Systems' key competitors?
Some companies that are related to Brocade Communications Systems include Alcatel Lucent SA (ALU), CommScope Holding Company (COMM), EchoStar Corporation (SATS), ARRIS International PLC (ARRS), ViaSat (VSAT), Belden (BDC), Lumentum Holdings (LITE), Ciena Corporation (CIEN), Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corp (WSTC), Acacia Communications (ACIA), Plantronics (PLT), Oclaro (OCLR), Infinera Corporation (INFN), ADTRAN (ADTN) and Vocera Communications (VCRA).
Who are Brocade Communications Systems' key executives?
Brocade Communications Systems' management team includes the folowing people:
- David L. House, Independent Chairman of the Board
- Lloyd A. Carney, CEO and Director
- Daniel W. Fairfax, Chief Financial Officer, Senior Vice President
- Gale E. England, Chief Operating Officer, Senior Vice President-Operations
- Ken K. Cheng, Chief Technology Officer ,Senior Vice President-Corporate Development and Emerging Business
- Ellen A. O Donnell, Senior Vice President, General Counsel, Corporate Secretary
- Jeffrey P. Lindholm, Senior Vice President - Worldwide Sales
- Judy Bruner, Independent Director
- Renato A. DiPentima Ph.D., Independent Director
- Alan L. Earhart, Independent Director
Who owns Brocade Communications Systems stock?
Brocade Communications Systems' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Mutual of America Capital Management LLC (0.08%), State Treasurer State of Michigan (0.04%), Shell Asset Management Co. (0.03%) and Fulton Bank N.A. (0.00%). Company insiders that own Brocade Communications Systems stock include Daniel W Fairfax, Ellen Odonnell, Gale E England, Ken Cheng and Lloyd Carney. View Institutional Ownership Trends for Brocade Communications Systems.
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 State Treasurer State of Michigan and Fulton Bank N.A.. Company insiders that have sold Brocade Communications Systems stock in the last year include Ellen Odonnell, Ken Cheng and Lloyd Carney. View Insider Buying and Selling for Brocade Communications Systems.
Who bought Brocade Communications Systems stock? Who is buying Brocade Communications Systems stock?
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.
What is Brocade Communications Systems' stock price today?
MarketBeat Community Rating for Brocade Communications Systems (NASDAQ BRCD)MarketBeat's community ratings are surveys of what our community members think about Brocade Communications Systems and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Brocade Communications Systems stock can currently be purchased for approximately $11.90.
Consensus Ratings for Brocade Communications Systems (NASDAQ:BRCD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 7 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.88)|
|Consensus Price Target: ||$12.45 (4.62% upside)|Consensus Price Target History for Brocade Communications Systems (NASDAQ:BRCD)
Analysts' Ratings History for Brocade Communications Systems (NASDAQ:BRCD)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/29/2017||Robert W. Baird||Reiterated Rating||Hold||$13.00||Low|
|9/29/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$12.75||Low|
|5/26/2017||Stifel Nicolaus||Reiterated Rating||Hold||$12.75||N/A|
|11/3/2016||DA Davidson||Downgrade||Buy -> Neutral||$12.75||N/A|
|11/2/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||N/A|
|11/2/2016||Raymond James Financial, Inc.||Upgrade||Underperform -> Neutral||N/A|
|11/2/2016||Argus||Downgrade||Buy -> Hold||N/A|
|9/22/2016||JMP Securities||Reiterated Rating||Hold||N/A|
|9/22/2016||Citigroup Inc.||Lower Price Target||Neutral||$11.00 -> $10.00||N/A|
|8/28/2016||Piper Jaffray Companies||Set Price Target||Hold||$9.00||N/A|
|8/26/2016||BMO Capital Markets||Reiterated Rating||Hold||$10.00||N/A|
|8/26/2016||Deutsche Bank AG||Boost Price Target||Hold||$8.00 -> $9.00||N/A|
|8/23/2016||Barclays PLC||Lower Price Target||Equal Weight||$10.00 -> $9.00||N/A|
|5/31/2016||Goldman Sachs Group, Inc. (The)||Boost Price Target||Neutral||$9.00 -> $10.00||N/A|
|5/22/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|5/22/2016||William Blair||Reiterated Rating||Hold||N/A|
|5/18/2016||Bank of America Corporation||Initiated Coverage||Buy -> Buy||$10.00 -> $10.00||N/A|
|4/4/2016||Craig Hallum||Reiterated Rating||Buy||N/A|
|2/18/2016||Buckingham Research||Lower Price Target||Neutral||$10.00 -> $9.00||N/A|
|2/18/2016||SunTrust Banks, Inc.||Lower Price Target||Neutral||$11.00 -> $10.00||N/A|
|11/24/2015||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$14.00 -> $9.00||N/A|
Earnings History for Brocade Communications Systems (NASDAQ:BRCD)Earnings History by Quarter for Brocade Communications Systems (NASDAQ BRCD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/24/2017||Q3 17||$0.04||$0.16||$614.10 million||$549.00 million||View||N/A|
|5/25/2017||Q2 17||$0.01||$0.10||$602.92 million||$552.80 million||View||N/A|
|2/23/2017||Q117||$0.26||$0.16||$649.89 million||$581.46 million||View||N/A|
|11/21/2016||Q416||$0.22||$0.33||$639.96 million||$657.30 million||View||N/A|
|8/25/2016||Q316||$0.16||$0.21||$573.14 million||$590.72 million||View||Listen|
|5/19/2016||Q2||$0.22||$0.22||$523.37 million||$523.00 million||View||Listen|
|2/17/2016||Q116||$0.24||$0.29||$562.60 million||$574.00 million||View||Listen|
|11/23/2015||Q415||$0.24||$0.26||$575.56 million||$588.83 million||View||Listen|
|8/20/2015||Q315||$0.22||$0.27||$550.85 million||$552.00 million||View||Listen|
|5/21/2015||Q215||$0.20||$0.22||$551.33 million||$547.00 million||View||Listen|
|2/19/2015||Q115||$0.24||$0.27||$569.75 million||$576.00 million||View||Listen|
|11/24/2014||Q414||$0.23||$0.24||$562.20 million||$564.00 million||View||N/A|
|8/21/2014||Q314||$0.19||$0.23||$534.71 million||$545.00 million||View||N/A|
|5/22/2014||Q214||$0.19||$0.19||$531.50 million||$537.00 million||View||N/A|
|2/19/2014||Q114||$0.20||$0.24||$550.69 million||$565.00 million||View||N/A|
|11/18/2013||Q4||$0.18||$0.24||$555.08 million||$559.00 million||View||Listen|
|8/13/2013||Q3 2013||$0.12||$0.19||$518.84 million||$536.60 million||View||N/A|
|5/16/2013||Q2 2013||$0.15||$0.17||$544.24 million||$538.80 million||View||N/A|
|2/14/2013||Q1 2013||$0.16||$0.21||$575.62 million||$589.00 million||View||N/A|
|11/19/2012||Q412||$0.14||$0.17||$565.95 million||$578.00 million||View||N/A|
Earnings Estimates for Brocade Communications Systems (NASDAQ:BRCD)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Brocade Communications Systems (NASDAQ:BRCD)
|Most Recent Dividend:||10/3/2017|
|Payout Ratio:||314.29% (Trailing 12 Months of Earnings) |
36.07% (Based on This Year's Estimates)
31.43% (Based on Next Year's Estimates)
Dividend History by Quarter for Brocade Communications Systems (NASDAQ BRCD)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Brocade Communications Systems (NASDAQ:BRCD)
Insider Ownership Percentage: 1.77%Insider Trades by Quarter for Brocade Communications Systems (NASDAQ:BRCD)
Institutional Ownership Percentage: 83.38%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/14/2017||Ellen Odonnell||SVP||Sell||7,811||$12.64||$98,731.04|| |
|6/9/2017||Ken Cheng||SVP||Sell||200,000||$12.62||$2,524,000.00|| |
|6/8/2017||Ken Cheng||SVP||Sell||68,488||$12.62||$864,318.56|| |
|3/22/2017||Lloyd Carney||CEO||Sell||1,050,916||$12.47||$13,104,922.52|| |
|3/14/2017||Ellen Odonnell||SVP||Sell||6,345||$12.37||$78,487.65|| |
|12/14/2016||Lloyd Carney||CEO||Sell||649,309||$12.40||$8,051,431.60|| |
|9/15/2016||Ellen Odonnell||SVP||Sell||7,500||$9.00||$67,500.00|| |
|8/22/2016||Gale E England||COO||Sell||10,000||$10.19||$101,900.00|| |
|6/10/2016||Ellen Odonnell||SVP||Sell||8,129||$8.87||$72,104.23|| |
|5/31/2016||Gale E England||COO||Sell||10,000||$9.00||$90,000.00|| |
|3/29/2016||Daniel W Fairfax||CFO||Sell||12,000||$10.23||$122,760.00|| |
|2/22/2016||Gale E England||COO||Sell||10,000||$9.68||$96,800.00|| |
|12/15/2015||Ellen Odonnell||SVP||Sell||5,409||$8.60||$46,517.40|| |
|6/18/2015||Gale E England||COO||Sell||10,000||$12.48||$124,800.00|| |
|6/17/2015||John W Gerdelman||Director||Sell||80,000||$12.40||$992,000.00|| |
|6/15/2015||Ellen Odonnell||SVP||Sell||15,627||$12.15||$189,868.05|| |
|6/11/2015||L William Krause||Director||Sell||20,000||$12.37||$247,400.00|| |
|5/27/2015||Judy Bruner||Director||Sell||5,000||$12.30||$61,500.00|| |
|4/24/2015||Daniel W Fairfax||CFO||Sell||25,000||$12.01||$300,250.00|| |
|3/30/2015||Sanjay Vaswani||Director||Sell||20,000||$11.75||$235,000.00|| |
|3/26/2015||Daniel W Fairfax||CFO||Sell||25,000||$11.40||$285,000.00|| |
|2/25/2015||Daniel W Fairfax||CFO||Sell||25,000||$12.39||$309,750.00|| |
|1/26/2015||Daniel W Fairfax||CFO||Sell||25,000||$11.53||$288,250.00|| |
|12/30/2014||Daniel W Fairfax||CFO||Sell||75,000||$12.00||$900,000.00|| |
|12/23/2014||Daniel W Fairfax||CFO||Sell||25,000||$11.60||$290,000.00|| |
|11/11/2014||Lloyd Carney||CEO||Sell||42,578||$11.00||$468,358.00|| |
|11/5/2014||Lloyd Carney||CEO||Sell||5,978||$10.89||$65,100.42|| |
|9/18/2014||Ken Cheng||VP||Sell||29,000||$10.50||$304,500.00|| |
|9/5/2014||Lloyd Carney||CEO||Sell||6,446||$10.27||$66,200.42|| |
|9/4/2014||Ken Cheng||VP||Sell||11,000||$10.49||$115,390.00|| |
|8/11/2014||Lloyd Carney||CEO||Sell||6,445||$9.25||$59,616.25|| |
|6/30/2014||Lloyd Carney||CEO||Sell||23,711||$9.25||$219,326.75|| |
|6/9/2014||Ken Cheng||VP||Sell||12,844||$9.15||$117,522.60|| |
|6/6/2014||Ken Cheng||VP||Sell||50,000||$9.19||$459,500.00|| |
|6/4/2014||Ken Cheng||VP||Sell||60,000||$9.20||$552,000.00|| |
|3/27/2014||Ken Cheng||VP||Sell||15,000||$10.35||$155,250.00|| |
|3/24/2014||Ken Cheng||VP||Sell||15,000||$10.35||$155,250.00|| |
|3/19/2014||Ken Cheng||VP||Sell||15,000||$10.04||$150,600.00|| |
|3/17/2014||Daniel Fairfax||CFO||Sell||25,000||$9.76||$244,000.00|| |
|3/14/2014||Ken Cheng||VP||Sell||15,000||$9.89||$148,350.00|| |
|3/11/2014||Ken Cheng||VP||Sell||15,000||$10.13||$151,950.00|| |
|3/6/2014||Ken Cheng||VP||Sell||5,000||$10.15||$50,750.00|| |
|3/6/2014||Sanjay Vaswani||Director||Sell||80,000||$10.14||$811,200.00|| |
|3/5/2014||Tyler Wall||VP||Sell||50,000||$10.00||$500,000.00|| |
|12/31/2013||Daniel Fairfax||CFO||Sell||25,000||$8.75||$218,750.00|| |
|12/16/2013||Judy Bruner||Director||Sell||50,000||$8.31||$415,500.00|| |
|12/2/2013||Daniel Fairfax||CFO||Sell||25,000||$8.75||$218,750.00|| |
|11/15/2013||Tyler Wall||VP||Sell||28,809||$8.14||$234,505.26|| |
|10/30/2013||Daniel W Fairfax||CFO||Sell||25,000||$8.00||$200,000.00|| |
|10/29/2013||Tyler Wall||VP||Sell||22,739||$7.86||$178,728.54|| |
|9/16/2013||Renato Dipentima||Director||Sell||57,500||$7.74||$445,050.00|| |
|8/16/2013||Tyler Wall||VP||Sell||97,175||$7.88||$765,739.00|| |
|6/11/2013||Daniel W Fairfax||CFO||Sell||12,000||$5.75||$69,000.00|| |
|3/5/2013||Daniel W Fairfax||CFO||Sell||12,000||$5.75||$69,000.00|| |
|9/5/2012||Alan L Earhart||Director||Sell||10,000||$6.04||$60,400.00|| |
Headline Trends for Brocade Communications Systems (NASDAQ:BRCD)
Latest Headlines for Brocade Communications Systems (NASDAQ:BRCD)
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Brocade Communications Systems (BRCD) Chart for Sunday, October, 22, 2017