Sentiment for Brocade Communications Systems Inc (NASDAQ:BRCD)
Brocade Communications Systems Inc (NASDAQ:BRCD) institutional sentiment increased to 1.07 in 2015 Q3. Its up 0.15, from 0.92 in 2015Q2. The ratio is more positive, as 142 active investment managers increased and opened new positions, while 155 sold and reduced stakes in Brocade Communications Systems Inc. The active investment managers in our partner’s database now hold: 367.03 million shares, up from 362.23 million shares in 2015Q2. Also, the number of active investment managers holding Brocade Communications Systems Inc in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 47 Reduced: 108 Increased: 98 New Position: 44.
Brocade Communications Systems, Inc
About 1.87M shares traded hands. Brocade Communications Systems, Inc. (NASDAQ:BRCD) has risen 5.45% since August 20, 2015 and is uptrending. It has outperformed by 5.39% the S&P500.
Analysts await Brocade Communications Systems, Inc. (NASDAQ:BRCD) to reports earnings on May, 19. They expect $0.19 earnings per share, down 9.52% or $0.02 from last year’s $0.21 per share. BRCD’s profit will be $75.78M for 13.79 P/E if the $0.19 EPS becomes reality.
According to Zacks Investment Research, “Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The world’s premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition, the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their IT resources.”
Strategic Global Advisors Llc holds 2.23% of its portfolio in Brocade Communications Systems, Inc. for 449,831 shares. Freestone Capital Holdings Llc owns 1.63 million shares or 1.84% of their US portfolio. Moreover, Anderson Hoagland & Co has 1.81% invested in the company for 274,020 shares. The New York-based Marque Millennium Capital Management Lcc has invested 1.81% in the stock. Paradigm Capital Management Inc Ny, a New York-based fund reported 1.08 million shares.#img1#
Ratings analysis reveals 17% of Brocade Communications Systems Inc.’s analysts are positive. Out of 16 Wall Street analysts rating Brocade Communications Systems Inc., 4 give it “Buy”, 1 “Sell” rating, while 18 recommend “Hold”. The lowest target is $8.5 while the high is $14. The stock’s average target of $10.38 is -1.24% below today’s ($10.48) share price. BRCD was included in 24 notes of analysts from August 19, 2015. Wunderlich upgraded the shares of Brocade Communications Systems Inc. in a note on February 18 to “Buy” rating. JP Morgan downgraded BRCD’s stock on a November 24. JP Morgan has “Neutral” rating and $9 PR. UBS maintained Brocade Communications Systems Inc.’s stock on January 5 with “Sell” rating. Goldman Sachs upgraded it ^with/to4^ “Neutral” rating and $12 PT in August 24 note. Finally, RBC Capital Markets maintained the shares of Brocade Communications Systems Inc. with “Sector Perform” rating in a November 24 note.
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