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


The leading market experts have placed a mean price target of $9.540 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 $0.260 a share for the upcoming quarter and $0.910 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 $9.505, and stock is trading $-0.319 points away or -3.359% from its 50-day moving average of $9.505. Further it is trading $-0.127 or -1.359% away its 200-day moving average of $9.313. Brocade Communications Systems, Inc. (NASDAQ:BRCD) 52-week high is $10.940 and the 52-week low is $7.400.

This explains if the stock moves $-1.754, it will post a 52-week high. In event of +24.135% 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 12.380.

The stock last ended the trading session at $9.186 and registered a market cap of $3.67B. 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 2.640.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 24 times, 1 visits today)