Brocade Communications Systems Earns Hold Rating from Wunderlich (BRCD)
During the same period in the previous year, the firm posted $0.23 earnings per share.
Brocade said its SAN product revenue fell 5 percent to $309 million – primarily due to the result of softer demand for embedded and fixed-configuration Fibre Channel switches. BMO Capital Markets reissued a market perform rating and issued a $13.00 price target on shares of Brocade Communications Systems in a report on Saturday, May 23rd. The Insider selling transaction had a total value worth of $124,800. (NASDAQ:BRCD) rose by 4.34% in the past week and 5.16% for the last 4 weeks. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Equity Analysts at the Brokerage Firm, UBS, downgrades their rating on the shares of Brocade Communications Systems, Inc. Stockholders of record on Thursday, September 10th will be issued a $0.045 dividend. 2 analysts rated the company as a strong buy. Brocade reported third quarter revenue of $552 million, up 1% year over year and up 1% sequentially.
BRCD closed Thursday’s regular trading at $9.72, down $0.32 or 3.19%, on the Nasdaq. During last trade its minimum price was $41.00 and it gained its highest price of $46.62 and has a total of 109.76 million outstanding shares. Brocade Communications Systems now has an average rating of “Hold” and a consensus price target of $12.70.
The stock has a market cap of $4.40 billion and a P/E ratio of 13.88. The disclosure for this sale can be found here.
What:Community storage know-how firmBrocade Communications Techniques, (NASDAQ: BRCD) inventory was up greater than 15% early in buying and selling immediately following yesterday’s third quarter earnings launch.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. In the prior year, the firm paid out $0 per share in dividends, or a difference of N/A%.
Globalstar Inc (NYSEMKT:GSAT) then headquartered in Milpitas, CA, worked around the clock to ship thousands of satellite phones to the Gulf Coast region and specifically, New Orleans, providing vital communications capabilities to FEMA, state and local government agencies and the Mississippi National Guard and Civic Air Patrol. (NASDAQ:BRCD) is a provider of networking equipment, including end to end Internet Protocol-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all kinds and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile telephone companies. Brocade offers services and software products and networking hardware. Its services and products are advertised, sold and supported worldwide to end user customers through distribution partners, including original equipment manufacturers, vendors, systems integrators, value-added resellers and directly to end-users by the Brocade direct sales force.