Top Performer of the day: Brocade Communications Systems, Inc. (NASDAQ:BRCD)

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earning reaction history

Brocade Communications Systems, Inc. (NASDAQ:BRCD) belonging to the Computer and Technology sector has surged 0.32% and closed its last trading session at $12.49.

The company reported its EPS on 12/20/2016. Currently, the stock has a 1 Year Price Target of $12.4.

The consensus recommendation, according to Zacks Investment research, is 3.27. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 3.27 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.78 and 2.88 respectively.

Brocade Communications Systems, Inc. on 12/20/2016 reported its EPS as $0.33 with the analysts projecting the EPS of the stock as $0.22. The company beat the analyst EPS Estimate with the difference of $0.11. This shows a surprise factor of 50%.

Many analysts have provided their estimated foresights on Brocade Communications Systems, Inc. Earnings, with 13 analysts believing the company would generate an Average Estimate of $0.26. Whereas they predicted High and Low Earnings Estimate as $0.29 and $0.23 respectively. While in the same Quarter Previous year, the Actual EPS was $0.29.

Analysts are also projecting an Average Revenue Estimate for Brocade Communications Systems, Inc. as $649.89 Million in the Current Quarter. This estimate is provided by 12 analysts. The High Revenue estimate is predicted as 663.31 Million, while the Low Revenue Estimate prediction stands at 632.96 Million. The company’s last year sales total was 574.28 Million.

For the Current Quarter, the growth estimate for Brocade Communications Systems, Inc. is -10.3%, while for the Next Quarter the stock growth estimate is 9.1%. In the past 5 years, the stock showed growth of 11.93% per annum. While for the next 5 years, the growth estimate is 5%.

The Company got Downgrade by Wunderlich on 3-Nov-16 from Hold to Sell.

Insider Trades for Brocade Communications Systems, Inc. show that the latest trade was made on 14 Dec 2016 where Carney (Lloyd A), the Chief Executive Officer completed a transaction type “Sell” in which 98631 shares were traded at a price of $12.41.

7 Insider Sales transactions were made totaling 163127 shares traded.

12 analysts projected Price Targets for Brocade Communications Systems, Inc.. The analysts believe that the company stock price could grow as high as $13. The Low Price target projection by analysts is $11 and the Mean Price Target is $12.4.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) has the market capitalization of $5.07 Billion. The company rocked its 52-Week High of $12.51 on Nov 25, 2016 and touched its 52-Week Low of $7.4 on Jan 20, 2016. The stock has Return on Assets (ROA) of 4.8 percent. Return on Equity (ROE) stands at 8.5% and Return on Investment (ROI) of 6.3 percent.

The stock is currently showing YTD performance of 38.95 Percent. The company has Beta Value of 0.9 and ATR value of 0.06. The Weekly and Monthly Volatility stands at 0.39% and 0.45%.

Company profile:

Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The world’s premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition, the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their IT resources.