News coverage about Brocade Communications Systems (NASDAQ:BRCD) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brocade Communications Systems earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.9822499092436 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

BRCD has been the subject of several recent research reports. Royal Bank of Canada reiterated a “hold” rating and issued a $12.75 price target on shares of Brocade Communications Systems in a research report on Thursday, November 2nd. Robert W. Baird restated a “hold” rating and set a $13.00 target price on shares of Brocade Communications Systems in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Brocade Communications Systems has an average rating of “Hold” and an average target price of $12.83.

Shares of Brocade Communications Systems (NASDAQ:BRCD) traded down $0.04 during mid-day trading on Friday, hitting $12.69. The stock had a trading volume of 1,169,333 shares, compared to its average volume of 6,135,863. The firm has a market capitalization of $5,270.00, a P/E ratio of 181.29, a PEG ratio of 2.93 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.66 and a current ratio of 2.78. Brocade Communications Systems has a 1-year low of $11.43 and a 1-year high of $12.74.

WARNING: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/12/22/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-brocade-communications-systems-brcd-stock-price.html.

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.

Insider Buying and Selling by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

Receive News & Stock Ratings for Brocade Communications Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brocade Communications Systems and related stocks with our FREE daily email newsletter.