Brocade Communications Systems (BRCD) Getting Somewhat Positive Media Coverage, Report Finds
Press coverage about Brocade Communications Systems (NASDAQ:BRCD) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brocade Communications Systems earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.2256388903417 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Technical news From Brocade Communications Systems, Inc. (BRCD) – Wall Street Morning (wallstreetmorning.com)
- Brocade Communications Systems, Inc. (BRCD) In Active Momentum Stocks on Profitability Analysis- Finisar … – Investing News Update (investingbizz.com)
- Brocade Communications Systems, Inc. (BRCD) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- The Charts For Brocade Communications Systems, Inc. (BRCD) Regains Attentions on Diverse Figures- Exelixis, Inc … – Investing News Update (investingbizz.com)
- Brocade Communications Systems, Inc. (NASDAQ:BRCD) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
Brocade Communications Systems (BRCD) traded down $0.04 on Friday, reaching $12.69. The company’s stock had a trading volume of 1,169,333 shares, compared to its average volume of 6,135,863. The stock has a market cap of $5,270.00, a P/E ratio of 39.78, a P/E/G ratio of 2.93 and a beta of 0.54. Brocade Communications Systems has a one year low of $11.43 and a one year high of $12.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.78 and a quick ratio of 2.66.
Several equities research analysts have recently issued reports on the company. Robert W. Baird set a $13.00 price objective on Brocade Communications Systems and gave the company a “hold” rating in a research note on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.75 price objective on shares of Brocade Communications Systems in a research note on Friday, September 29th. Finally, BidaskClub raised Brocade Communications Systems from a “sell” rating to a “hold” rating in a research note on Sunday, August 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.83.
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About Brocade Communications Systems
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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