Headlines about Brocade Communications Systems (NASDAQ:BRCD) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brocade Communications Systems earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.1164735643097 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
BRCD has been the subject of several recent research reports. Royal Bank of Canada reiterated a “hold” rating and set a $12.75 price target on shares of Brocade Communications Systems in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $13.00 price target on shares of Brocade Communications Systems in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.83.
Shares of Brocade Communications Systems (NASDAQ BRCD) opened at $12.69 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.78 and a debt-to-equity ratio of 0.58. Brocade Communications Systems has a 12 month low of $11.43 and a 12 month high of $12.74. The firm has a market capitalization of $5,270.00, a price-to-earnings ratio of 181.29, a P/E/G ratio of 2.93 and a beta of 0.54.
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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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