Somewhat Positive News Coverage Somewhat Unlikely to Impact Brocade Communications Systems (BRCD) Share Price
Media coverage about Brocade Communications Systems (NASDAQ:BRCD) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brocade Communications Systems earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.6969304836084 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Brocade Communications Systems (BRCD) traded down $0.04 during midday trading on Tuesday, hitting $12.69. The company had a trading volume of 1,169,333 shares, compared to its average volume of 6,135,863. The company has a market cap of $5,270.00, a P/E ratio of 181.29, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54. Brocade Communications Systems has a 1-year low of $11.43 and a 1-year high of $12.74. The company has a current ratio of 2.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.58.
A number of research analysts have commented on the company. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 target price on shares of Brocade Communications Systems in a report on Friday, September 29th. Royal Bank of Canada reaffirmed a “hold” rating and set a $12.75 target price on shares of Brocade Communications Systems in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.83.
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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