Stock To Watch: Brocade Communications Systems, Inc. (NASDAQ:BRCD)


The leading market experts have placed a mean price target of $9.23 on Brocade Communications Systems, Inc. (NASDAQ:BRCD) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.23 a share for the upcoming quarter and $0.91 for the current fiscal. Technical View The technical analysis of Brocade Communications Systems, plainly substantiates that the 50-day moving average of Brocade Communications Systems, is $9.00, and stock is hovering 0.79 or +8.80% distant from $9.00. It is noted that the 200-day MA is $9.05, and Brocade Communications Systems, stock is $0.74 or +8.12% off from this point. Brocade Communications Systems, Inc. (NASDAQ:BRCD) 52-week high is $11.28 and the 52-week low is $7.40. This explains if the stock moves $-1.49, it will post a 52-week high. In event of $+32.30% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Brocade Communications Systems,, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Brocade Communications Systems, Inc. (NASDAQ:BRCD) ratio came in at 13.19. The stock last ended the trading session at $9.79 and registered a market cap of $3.91B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Brocade Communications Systems, Inc. (NASDAQ:BRCD) PEG ratio is at 2.43.

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