The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Gerdelman sold 80,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. 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. The disclosure for this sale can be found here. The share price of Brocade Communications Systems Inc (NASDAQ:BRCD) was down -3.19% from the previous closing rate after touching an intraday high of $10.12. The overall volume in the last trading session was 23.8 Million shares. Its 52-week range quite noticeable, lower range was $4.90 and hit highest level of $20.94. The firm has a market cap of $4.40 billion and a PE ratio of 13.88. Its 52-week high is $56.68 and so far in this year the stock has moved up 17.65%.
Brocade Communications Systems Inc (NASDAQ:BRCD), on 8/20/15, reported that its EPS was $0.27 compared with the average expectation for $0.22 a share.
For the current quarter, Wall Street brokerages are anticipating earnings of $0.2 per share for the quarter ending on 2015-07-31. CEO Lloyd Carney said he was pleased with what he described as a solid quarter, above all the results of the company’s IP Networking segment, which rose 16 percent year on year to Dollars 154 million, offsetting a 5 percent loss in SAN product revenues to USD 309 million. (NASDAQ:BRCD) has issued $0.15 per share to investors over the past twelve months in total. This represents a $0.18 annualized dividend and a yield of 1.70%.
A number of research firms recently commented on BRCD. The stock presently has a consensus rating of Hold and a consensus price target of $12.70. BMO Capital Markets restated a “market perform” rating and issued a $12.00 price target (down previously from $13.00) on shares of Brocade Communications Systems in a research report on Friday.
Shares of Brocade Communications Systems (NASDAQ:BRCD) opened at 10.59 on Friday. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The mean price target of all analysts taken into consideration by Zacks is $12.3. There are indicators that the worldwide financial system could also be getting a bit shaky, and that, in fact, might weigh closely on demand for Brocade’s merchandise within the close to time period. (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. Its products and services are marketed, sold and supported globally to end-user customers through distribution partners, including original equipment manufacturers, distributors, systems integrators, value-added resellers and directly to end-users by the Brocade direct sales force. The Company operates in four sections: Data Storage, Global Services, IP Layer 2- 3 and IP Layer 4 -7/ Application Delivery Products.