Brocade Communications Systems (BRCD) Receiving Somewhat Positive Media Coverage, Report Shows
Media stories about Brocade Communications Systems (NASDAQ:BRCD) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brocade Communications Systems earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.2999615025581 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Brocade Communications Systems, Inc. :BRCD-US: Earnings Analysis: Q3, 2017 By the Numbers : September 8, 2017 (finance.yahoo.com)
- Brocade Communications Systems, (NASDAQ:BRCD) Experiences Light Trading Volume – Modern Readers (modernreaders.com)
- Analysts focus on Hold position: Brocade Communications Systems, Inc. (BRCD) – Street Observer (press release) (streetobserver.com)
- Brocade Communications Systems, Inc. (NASDAQ:BRCD) – Hot Stock That Must Be in Your Portfolio – The Investor Guide (wallstreetnews24.com)
- Flashy Stocks-:- Brocade Communications Systems, Inc. (NASDAQ:BRCD), SeaWorld Entertainment, Inc. (NYSE:SEAS … – Market Breaking Point (press release) (journalfinance.net)
A number of analysts have commented on BRCD shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $12.75 price target on shares of Brocade Communications Systems in a research report on Friday, May 26th. Zacks Investment Research raised Brocade Communications Systems from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, May 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $12.75 price target on shares of Brocade Communications Systems in a research report on Friday, June 9th. BidaskClub raised Brocade Communications Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Robert W. Baird set a $13.00 price target on Brocade Communications Systems and gave the stock a “hold” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.32.
Brocade Communications Systems (NASDAQ BRCD) opened at 12.31 on Friday. The firm’s 50 day moving average price is $12.36 and its 200-day moving average price is $12.50. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 173.38 and a beta of 0.64. Brocade Communications Systems has a 1-year low of $8.64 and a 1-year high of $12.72.
Brocade Communications Systems (NASDAQ:BRCD) last announced its earnings results on Thursday, August 24th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.12. Brocade Communications Systems had a net margin of 1.30% and a return on equity of 5.42%. The business had revenue of $549 million during the quarter, compared to the consensus estimate of $614.10 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Brocade Communications Systems will post $0.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.22 annualized dividend and a dividend yield of 1.79%. Brocade Communications Systems’s dividend payout ratio (DPR) is 314.29%.
In other news, SVP Ellen Odonnell sold 7,811 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $12.64, for a total transaction of $98,731.04. Following the completion of the sale, the senior vice president now owns 19,037 shares in the company, valued at $240,627.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.77% of the stock is currently owned by corporate insiders.
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Brocade Communications Systems Company Profile
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.
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