Brocade Communications Systems, Inc. (NASDAQ:BRCD) registered a 0.16% increase, still its new closing price is 68.01% up from the company’s 1 year high of 12.54.It posted 0.00% gains in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 1 sells versus 0 buy or better ratings. The 15 stock analysts following this company have an average price target at $12.40, with individual PT in the $11.00-$13.00 range. The shares moved at $12.47, implying that brokerage firms see shares gaining about 57.42% in twelve months time.
Brocade Communications Systems, Inc. (BRCD) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.16% fall year to date. A SVP & General Counsel at Brocade Communications Systems, Inc. (BRCD) offloaded shares in a transaction closed on Wednesday December 14, 2016. ODONNELL ELLEN sold 6,346 shares in the company at $12.38 each and collected $78,001 in proceeds. ODONNELL ELLEN now owns 17,571 shares in the company after this transaction. A CEO in the company, CARNEY LLOYD, disclosed a transaction on Wednesday December 14, 2016 that ended up generating $8,051,000 from the sale of 649,309 shares at $12.4 per share.
Brocade Communications Systems, Inc. (NASDAQ:BRCD) Upcoming Results on Tap
Brocade Communications Systems, Inc. will next provide financial results for the January 2017 quarter. Stock analysts expect it to report per-share earnings of $0.26 in that period. Sales during the quarter are predicted to arrive at $649.89 million.
Earnings surprise history: Last quarter, the company posted approximately $657.3 million in revenue and EPS of $0.33. The mean forecast was for $640.09 million and $0.22 a share, respectively. One quarter earlier, revenue for the stock was at $590.72 million, with earnings at $0.21/share.
Brocade Communications Systems, Inc. (BRCD) Brokerage Update
Brocade Communications Systems, Inc. (BRCD) is in Wunderlich’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Hold by Wunderlich, according to news reported on Thursday November 03, 2016.Another important research note was issued by RBC Capital Mkts on Thursday November 03, 2016.The firm downgraded BRCD to Sector Perform from Outperform. Over the last six months and over the last three months, the shares of Brocade Communications Systems, Inc. (BRCD), have changed 36.54% and 11.44%, respectively.