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


The leading market experts have placed a mean price target of $9.40 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 $9.47, and stock is trading $0.99 points away or +10.49% from its 50-day moving average of $9.47. Further it is trading $1.16 or +12.42% away its 200-day moving average of $9.30. Brocade Communications Systems, Inc. (NASDAQ:BRCD) 52-week high is $10.94 and the 52-week low is $7.40.

This explains if the stock moves $-0.48, it will post a 52-week high. In event of +41.35% 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 14.10.

The stock last ended the trading session at $10.46 and registered a market cap of $4.18B. 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 2.55.

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