Earnings Roundup: Brocade Communications Systems, Inc. (NASDAQ:BRCD)

Brocade Communications Systems, Inc. (NASDAQ:BRCD) moved down -0.8% and closed its last trading session at $8.69. This Computer and Technology Sector stock currently has the Market Capitalization of 3.51 Billion. The Average Volume for the stock is measured as 5.17 Million. The Stock has a 52-Week High of $10.92 and 52-Week Low of $7.4 following the dates, it touched its 52-Week High on Nov 5, 2015 and 52-Week Low on Jan 20, 2016. Currently, the Return on Assets value for the trailing twelve months is 5.5% with the Return on Equity and Return on Investment of 9.3% and 11.8% respectively. This firm currently has YTD (year to date) performance of -3.75 Percent which is not good. The Short Ratio for the stock is 2.18.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) Price to Earnings (P/E) ratio is 15.52. EPS or Earning per Share stands at $0.56. The TTM operating margin is 15.1 percent.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) is due to report its Earnings on Mon 28 Nov (In 36 Days). The estimated EPS for the current quarter is said to be $0.17. Following Earnings result, share price were UP 13 times out of last 27 Qtrs. The stock has reduced about -16.4% since it reported its last earnings. The Closing price of Brocade Communications Systems, Inc. (NASDAQ:BRCD) at Last Earnings was $10.4 as compared to the previous closing price of $8.76. The Predicted Move on the 7th day after Brocade Communications Systems, Inc. (NASDAQ:BRCD) will release its earnings at about 7%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Brocade Communications Systems, Inc. (NASDAQ:BRCD) beats earnings by 66%, The Stock Missed Earnings  2  times and has met earnings  2  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Brocade Communications Systems, Inc. (NASDAQ:BRCD) reported its previous quarter on 08/25/2016 where it reported the Actual Earnings of $0.21. The Closing price before the company posted its earnings was $10.4. The Stock declined on the very next day of earnings and maintained its stock price at $9.18 by showing a % change of -11.73 percent from its previous closing price. The Next Day Volume after Earnings was reported as 25.33 Million. On the 7th day After Earnings Report, the stock hit its share price as $9.01 by showing -13.37% decrease from the Stock price Before Earnings were reported.

On 05/19/2016, the stock reported the EPS of $0.22 where Analysts were projecting the EPS to be $0.22 showing a difference of $0. Thus Surprise Factor was there with 0 percent. Before Earnings Announcement on 05/19/2016, the firm had its stock price of $7.87. And immediately on the next day after earnings announcement, the stock declined 0% and closed its trading session at $7.87. On 7th Day after earnings release, Brocade Communications Systems, Inc. (NASDAQ:BRCD) surged to 7.75% from $7.87 to $8.48.

On 02/17/2016, Analysts were suspecting EPS of $0.24/share where Brocade Communications Systems, Inc. (NASDAQ:BRCD) reported its Actual EPS of $0.29. Thus showing a Surprise of 20.8 percent. The Closing Price of the stock before earnings was $8.38 while on the Next day the stock closed its trading session at $9.51 with a percentage change of 13.48% from the price of 8.38 before Earnings. The Stock Closing Price on the 7th day of earnings was $9.81.

Company Profile:

Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol (IP) networking solutions for businesses and organizations worldwide. It operates through three segments: SAN Products, IP Networking Products, and Global Services. The SAN Products segment offers infrastructure products and solutions, such as fiber channel SAN backbones, directors, and fabric/embedded switches that assist customers in the development and deployment of storage and server consolidation, and disaster recovery and data security, as well as to meet compliance requirements regarding data management; and fabric extension, switching, and routing solutions. The IP Networking Products segment provides Layer 2 and Layer 3 switches and routers that are designed to connect users over private and public networks, including local area, metro, and within and across data centers. This segment also provides converged network products; a portfolio of related software and hardware-based data networking offerings; and Layer 4-7 platforms, including ADX and virtual application delivery controller products that are designed for application traffic management and server load balancing activities. The Global Services segment offers break/fix maintenance, installation, consulting, network management and software maintenance, and customer support services. The company also provides virtual evolved packet software that primarily addresses mobile applications and services. Brocade Communications Systems, Inc. serves various enterprises and service providers, such as telecommunication firms, cable operators, and mobile carriers. The company markets and sells its products and services to end-user customers directly, as well as through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers. Brocade Communications Systems, Inc. was founded in 1995 and is headquartered in San Jose, California.