Simple Moving Average Analysis of Brocade Communications Systems, Inc. (BRCD)

The firm owned 26,600 shares of the technology company's stock after selling 300 shares during the period.

Several hedge funds have recently made changes to their positions in BRCD.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Nationwide Fund Advisors boosted its stake in Brocade Communications Systems by 2.0% in the first quarter. Insiders have sold 276,299 shares of company stock valued at $3,487,050 over the last ninety days. The co's performance for 6 months was surged of 1.36%, 1-year performance stands at 41.70% and year to date showing isolated positively performance of 1.20%. Nationwide Fund Advisors increased its stake in Brocade Communications Systems by 2.0% in the first quarter. Over the past 2 quarters, Brocade Communications Systems, Inc. The company's stock had a trading volume of 341,066 shares. Institutional investors own 81.72% of the company's stock.

Brocade Communications Systems (NASDAQ BRCD) traded up 0.08% on Wednesday, reaching $12.64. (NASDAQ:BRCD). Employees Retirement System Of Texas holds 242,000 shares. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. However the price at the close of last session was -0.28% lower than its 50-day moving average and 0.20% over its 200-day moving average. According to these analysts, the Low Revenue Estimate for Brocade Communications Systems, 545.88 Million and the High Revenue Estimate is 657.37 Million. These shares are 0% up from its target price of $12.63 and the current market capitalization stands at $5.18B. (NASDAQ:BRCD) to report $0.04 EPS on August, 24.They anticipate $0.09 EPS change or 69.23% from last quarter's $0.13 EPS. Company fiscal year is ending in October and analysts' consensus recommendation is Hold for BRCD and estimated EPS for next quarter is $0.16.

These analysts also forecasted Growth Estimates for the Current Quarter for BRCD to be -23.8%. Brocade Communications Systems had a return on equity of 8.49% and a net margin of 2.54%. Revenue for the quarter also did not kill consensus, coming in at $552.75 Million, compared to the consensus of 587.22 Million. The company is expected to report EPS as high as $0.28 and as low as $0.12 per share.

Many analysts are providing their Estimated Earnings analysis for Brocade Communications Systems, Inc. and for the current quarter 5 analysts have projected that the stock could give an Average Earnings estimate of $0.16/share. Shareholders of record on Monday, June 12th were given a dividend of $0.055 per share. (NASDAQ:BRCD) on Thursday, June 8. This represents a $0.22 annualized dividend and a dividend yield of 1.74%. Brocade Communications Systems's payout ratio is 157.14%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of USA & global copyright and trademark legislation. The legal version of this story can be viewed at Analyst's mean target price for FLDM is $6.42 while analysts mean recommendation is 3.00. Stifel Nicolaus reiterated a hold rating and issued a $12.75 target price on shares of Brocade Communications Systems in a research note on Friday, May 26th. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Analysts have a mean recommendation of 3.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Finally, Royal Bank Of Canada reissued a "hold" rating and set a $12.75 price target on shares of Brocade Communications Systems in a research report on Friday, June 9th.

From another technical standpoint, Brocade Communications Systems, Inc. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a buy rating to the company. 40,000 Brocade Communications Systems, Inc. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the completion of the sale, the senior vice president now directly owns 19,037 shares in the company, valued at $240,627.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ellen Odonnell sold 7,811 shares of the firm's stock in a transaction that occurred on Wednesday, June 14th.

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