BMO Capital Markets Reiterates Market Perform on Brocade Communications Systems (BRCD)

By admin | 6 years ago

Brocade Communications Systems (NASDAQ: BRCD)‘s stock had its “market perform” rating reiterated by equities research analysts at BMO Capital Markets in a research note issued to investors on Friday.

BRCD has been the subject of a number of other recent research reports. Analysts at Caris & Co. initiated coverage on shares of Brocade Communications Systems in a research note to investors on Friday, May 4th. They set an “average” rating on the stock. Separately, analysts at Caris & Company initiated coverage on shares of Brocade Communications Systems in a research note to investors on Thursday, May 3rd. They set an “average” rating on the stock. Finally, analysts at Needham & Company reiterated a “buy” rating on shares of Brocade Communications Systems in a research note to investors on Thursday, March 29th.

Shares of Brocade Communications Systems opened at 4.62 on Friday. Brocade Communications Systems has a one year low of $3.18 and a one year high of $7.30. The company has a market cap of $2.114 billion and a P/E ratio of 23.69.

Brocade Communications Systems last issued its quarterly earnings data on Thursday, May 17th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that Brocade Communications Systems will post $0.15 earnings per share next quarter.

Brocade Communications Systems, Inc. (Brocade) is a supplier of networking equipment, including end-to-end Internet Protocol-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers.

About the author