Brocade Communications Systems (BRCD) Earns Media Impact Rating of 0.15
Media stories about Brocade Communications Systems (NASDAQ:BRCD) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public 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 sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.2973805549097 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Brocade Communications Systems, Inc. (NASDAQ:BRCD) Insider Watch on The Stock (expressnewsline.com)
- Stocks Under Scanner in the Data Storage Devices Space — Brocade Communications Systems, NetApp, Seagate … – Markets Insider (markets.businessinsider.com)
- See what the IHS Markit Score report has to say about Brocade Communications Systems Inc. (finance.yahoo.com)
- Short Interest in Brocade Communications Systems, Inc. (BRCD) Expands By 25.7% (americanbankingnews.com)
- Norges Bank Bought A Little More Brocade Communications Systems, (BRCD) Stock In The Last Quarter – Modern Readers (modernreaders.com)
BRCD has been the subject of a number of research reports. BidaskClub cut shares of Brocade Communications Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Brocade Communications Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.13.
Shares of Brocade Communications Systems (BRCD) opened at 12.14 on Friday. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 83.15 and a beta of 0.66. The firm has a 50 day moving average of $12.56 and a 200 day moving average of $12.52. Brocade Communications Systems has a 52 week low of $8.64 and a 52 week high of $12.72.
Brocade Communications Systems (NASDAQ:BRCD) last announced its earnings results on Thursday, May 25th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09. Brocade Communications Systems had a net margin of 2.54% and a return on equity of 8.49%. The company had revenue of $552.80 million during the quarter, compared to the consensus estimate of $602.92 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts predict that Brocade Communications Systems will post $0.58 earnings per share for the current fiscal year.
In other news, SVP Ellen Odonnell sold 7,811 shares of Brocade Communications Systems stock in a transaction that occurred on 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 approximately $240,627.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ken Cheng sold 200,000 shares of Brocade Communications Systems stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $12.62, for a total transaction of $2,524,000.00. Following the sale, the senior vice president now owns 252,338 shares of the company’s stock, valued at approximately $3,184,505.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 276,299 shares of company stock valued at $3,487,050. Insiders own 1.77% of the company’s stock.
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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