$0.13 EPS Expected for Brocade Communications Systems, Inc. (BRCD)

Lloyd Doyle
November 15, 2017

Taylor Asset Management Inc owns 777,400 shares or 10.74% of their USA portfolio. (BRCD) belonging to the Technology sector has surged 0.96% and closed its last trading session at $12.62. About 9.09 million shares traded. BidaskClub cut Brocade Communications Systems from a "hold" rating to a "sell" rating in a research note on Wednesday, July 19th. BRCD's SI was 39.40 million shares in November as released by FINRA. It has outperformed by 41.77% the S&P500. Short shares grew from 35,087,186 to 35,984,554 over that timeframe. Fifth Third Bank accumulated 1,170 shares. The firm's revenue for the quarter was down 7.1% on a year-over-year basis. The overall volume in the last trading session was 4.09 million shares.

Over the past 50 days, Brocade Communications Systems, Inc. stock was -0.71% off of the high and 10.06% removed from the low. About 107,519 shares traded. (NASDAQ:BRCD) has risen 58.47% since November 14, 2016 and is uptrending.

Investors sentiment decreased to 0.82 in 2017 Q2. The Volatility was noted at 1.51% in recent month and it observed Weekly Volatility of 1.19%. It fall, as 36 investors sold BRCD shares while 76 reduced holdings. Bancshares Of New York Mellon reported 99,532 shares.

Venor Capital Management Lp holds 25.41% of its portfolio in Assured Guaranty Ltd. for 903,870 shares. Garde Capital owns 12,317 shares. Gamco Invsts Et Al reported 553,498 shares or 0.04% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 2,367 shares. Ubs Asset Americas invested in 0% or 330,128 shares. Oppenheimer & Close Limited Co holds 2.76% of its portfolio in Beneficial Bancorp, Inc. Financial Architects Inc holds 0.01% or 2,199 shares in its portfolio. Liberty Mutual Gru Asset invested in 0.08% or 159,596 shares. (NASDAQ:BNCL). Millennium Mgmt Lc stated it has 436,147 shares.

Beta is also an important valuation ratio for analyzing the stock of the company, BRCD has Beta of 0.54 while its industry and Sector's beta remains at 1.09 and 1.31 respectively. Alliancebernstein L P holds 0% or 130,629 shares. After $0.53 actual EPS reported by U.S. Silica Holdings Inc for the previous quarter, Wall Street now forecasts 7.55% EPS growth. (BRCD) pays out an annual dividend of 0.22 per share. Of the 14 analysts surveyed by Reuters that track OLN 5 of them rate its stock a hold. Therefore 59% are positive. The stock of Agrium Inc. The firm has "Neutral" rating given on Thursday, November 3 by DA Davidson. (NASDAQ:BRCD) earned "Market Perform" rating by William Blair on Monday, August 24. On September 29 Royal Bank Of Canada kept the company rating at "Hold" projecting a price of $12.75. That's a potential 12.21 increase relative to where Olin Corporation (NYSE:OLN) has been trading recently. It also upped Oshkosh Corp (NYSE:OSK) stake by 7,132 shares and now owns 7,520 shares. Noble Corp Plc (NYSE:NE) was raised too.


Valuation Ratios of Brocade Communications Systems, Inc.

Robert W. Baird updated coverage of BRCD with a rating of "Hold" and a price target of $13.00. Therefore 82% are positive.

Analytical Significance of Simple Moving Average for Brocade Communications Systems, Inc. The company was maintained on Thursday, September 22 by Citigroup. (USA) (NYSE:AGU) has "Underperform" rating given on Friday, August 5 by CLSA. The firm has "Neutral" rating by Goldman Sachs given on Friday, May 20. The company was maintained on Tuesday, August 23 by Barclays Capital. The market capitalization of the company is at $5.2 Billion. The rating was maintained by UBS on Tuesday, January 5 with "Sell". Robert W. Baird maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) on Friday, August 21 to "Buy" rating. Jefferies has "Buy" rating and $40.0 target. BMO Capital Markets reaffirmed a hold rating and set a $10.00 price objective on shares of Brocade Communications Systems in a research note on Friday, August 26th. Finally, Nomura Holdings Inc. boosted its stake in shares of Brocade Communications Systems by 52.5% during the 2nd quarter. (NASDAQ:BRCD) has risen 58.47% since November 13, 2016 and is uptrending. During the same quarter last year, the firm earned $0.21 EPS. sell-side analysts predict that Brocade Communications Systems, Inc. will post 0.36 earnings per share for the current fiscal year. MMI's profit will be $16.00M for 17.81 P/E if the $0.42 EPS becomes a reality. Vanguard Group Inc. raised its stake in shares of Brocade Communications Systems by 21.6% in the second quarter.

A statistical measure of the dispersion of returns (volatility) for TROW producing salvation in Investors mouth, it has week volatility of 1.84% and for the month booked as 1.78%. Its down 0.10, from 1.2 in 2017Q1. Bnp Paribas Arbitrage Sa invested in 333,233 shares.

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