Brocade Communications Systems, Inc. (NASDAQ:BRCD) Updates On Dividend Release Date


On 2016-05-23, Brocade Communications Systems, Inc. (NASDAQ:BRCD) confirmed the dividend disbursement of $0.055 a share to shareholders as on record 2016-06-10. The firm will release dividend on 2016-07-05 while ex-dividend date is reported to be 2016-06-08.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Brocade Communications Systems, Inc. (NASDAQ:BRCD) paid a total of $0.055 per share in dividends. This figure stood at $0.055 a share in the same period a year ago indicating a deviation of 128.5714%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $9.3 on the stock. This figure is the average of recommendations offered by 10 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $11 and $7.5, respectively.

Taking the mathematical rating formula, the price for Brocade Communications Systems, Inc. (NASDAQ:BRCD) stands at 2.88. Earnings Review Brocade Communications Systems, Inc. (NASDAQ:BRCD) will report its quarterly earnings for the period ending on 2016-10-31 by 2016-11-28. For the period ending on 2016-10-31, experts are expecting EPS of $0.19.

Coming to the quarter ending on 2015-10-31, Brocade Communications Systems, Inc. (NASDAQ:BRCD) recorded EPS of $0.13. The reported numbers came lower than the analysts’ estimates of $0.12, demonstrating a miss of $0.01 as against reported figures.

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