Brocade Communications Systems Company Profile (NASDAQ:BRCD)

About Brocade Communications Systems (NASDAQ:BRCD)

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: Communications & Networking
  • Sub-Industry: Communications Equipment
  • Symbol: NASDAQ:BRCD
  • CUSIP: 11162130
  • Web: www.brocade.com
Capitalization:
  • Market Cap: $4.92 billion
  • Outstanding Shares: 413,816,000
Average Prices:
  • 50 Day Moving Avg: $12.13
  • 200 Day Moving Avg: $12.43
  • 52 Week Range: $8.67 - $12.72
P/E:
  • Trailing P/E Ratio: 167.61
  • Foreward P/E Ratio: 17.00
  • P/E Growth: 3.90
Sales & Book Value:
  • Annual Revenue: $2.34 billion
  • Price / Sales: 2.10
  • Book Value: $6.10 per share
  • Price / Book: 1.95
Dividend:
  • Annual Dividend: $0.22
  • Dividend Yield: 1.9%
Profitability:
  • EBITDA: $354.21 million
  • Net Margins: 1.30%
  • Return on Equity: 5.42%
  • Return on Assets: 2.84%
Debt:
  • Debt-to-Equity Ratio: 0.58%
  • Current Ratio: 2.78%
  • Quick Ratio: 2.66%
Misc:
  • 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?

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?

Brocade Communications Systems' stock was acquired by a variety of institutional investors in the last quarter, including Shell Asset Management Co. and Mutual of America Capital Management LLC. View Insider Buying and Selling for Brocade Communications Systems.

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?

One share of Brocade Communications Systems stock can currently be purchased for approximately $11.90.


MarketBeat Community Rating for Brocade Communications Systems (NASDAQ BRCD)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  241 (Vote Outperform)
Underperform Votes:  582 (Vote Underperform)
Total Votes:  823
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.

Analyst Ratings

Consensus Ratings for Brocade Communications Systems (NASDAQ:BRCD) (How are Consensus Ratings Calculated?)
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)
Price Target History for Brocade Communications Systems (NASDAQ:BRCD)
Analysts' Ratings History for Brocade Communications Systems (NASDAQ:BRCD)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/29/2017Robert W. BairdReiterated RatingHold$13.00LowView Rating Details
9/29/2017Royal Bank Of CanadaReiterated RatingHold$12.75LowView Rating Details
5/26/2017Stifel NicolausReiterated RatingHold$12.75N/AView Rating Details
3/30/2017WunderlichReiterated RatingSellLowView Rating Details
11/3/2016DA DavidsonDowngradeBuy -> Neutral$12.75N/AView Rating Details
11/2/2016Oppenheimer Holdings, Inc.Reiterated RatingHoldN/AView Rating Details
11/2/2016Raymond James Financial, Inc.UpgradeUnderperform -> NeutralN/AView Rating Details
11/2/2016ArgusDowngradeBuy -> HoldN/AView Rating Details
9/22/2016JMP SecuritiesReiterated RatingHoldN/AView Rating Details
9/22/2016Citigroup Inc.Lower Price TargetNeutral$11.00 -> $10.00N/AView Rating Details
8/28/2016Piper Jaffray CompaniesSet Price TargetHold$9.00N/AView Rating Details
8/26/2016BMO Capital MarketsReiterated RatingHold$10.00N/AView Rating Details
8/26/2016Deutsche Bank AGBoost Price TargetHold$8.00 -> $9.00N/AView Rating Details
8/23/2016Barclays PLCLower Price TargetEqual Weight$10.00 -> $9.00N/AView Rating Details
5/31/2016Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$9.00 -> $10.00N/AView Rating Details
5/22/2016Wells Fargo & CompanyReiterated RatingHoldN/AView Rating Details
5/22/2016William BlairReiterated RatingHoldN/AView Rating Details
5/18/2016Bank of America CorporationInitiated CoverageBuy -> Buy$10.00 -> $10.00N/AView Rating Details
4/4/2016BTIG ResearchDowngradeHoldN/AView Rating Details
4/4/2016Craig HallumReiterated RatingBuyN/AView Rating Details
2/18/2016Buckingham ResearchLower Price TargetNeutral$10.00 -> $9.00N/AView Rating Details
2/18/2016SunTrust Banks, Inc.Lower Price TargetNeutral$11.00 -> $10.00N/AView Rating Details
11/24/2015J P Morgan Chase & CoDowngradeOverweight -> Neutral$14.00 -> $9.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Brocade Communications Systems (NASDAQ:BRCD)
Earnings by Quarter for Brocade Communications Systems (NASDAQ:BRCD)
Earnings History by Quarter for Brocade Communications Systems (NASDAQ BRCD)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/24/2017Q3 17$0.04$0.16$614.10 million$549.00 millionViewN/AView Earnings Details
5/25/2017Q2 17$0.01$0.10$602.92 million$552.80 millionViewN/AView Earnings Details
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)
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)
Most Recent Dividend:10/3/2017
Annual Dividend:$0.22
Dividend Yield:1.85%
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 Payments by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

Dividend History by Quarter for Brocade Communications Systems (NASDAQ BRCD)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/24/2017quarterly$0.061.78%9/8/20179/11/201710/3/2017
5/25/2017quarterly$0.061.74%6/8/20176/12/20177/5/2017
2/23/2017quarterly$0.061.78%3/8/20173/10/20174/4/2017
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 and Institutional Ownership History for Brocade Communications Systems (NASDAQ:BRCD)
Insider Ownership Percentage: 1.77%
Institutional Ownership Percentage: 83.38%
Insider Trades by Quarter for Brocade Communications Systems (NASDAQ:BRCD)
Institutional Ownership by Quarter for Brocade Communications Systems (NASDAQ:BRCD)
Insider Trades by Quarter for Brocade Communications Systems (NASDAQ:BRCD)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/14/2017Ellen OdonnellSVPSell7,811$12.64$98,731.04View SEC Filing  
6/9/2017Ken ChengSVPSell200,000$12.62$2,524,000.00View SEC Filing  
6/8/2017Ken ChengSVPSell68,488$12.62$864,318.56View SEC Filing  
3/22/2017Lloyd CarneyCEOSell1,050,916$12.47$13,104,922.52View SEC Filing  
3/14/2017Ellen OdonnellSVPSell6,345$12.37$78,487.65View SEC Filing  
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

Headline Trends for Brocade Communications Systems (NASDAQ:BRCD)
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Chart

Brocade Communications Systems (BRCD) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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