Analysts See $0.13 EPS for Brocade Communications Systems, Inc

15 November, 2017, 11:19 | Author: Regina Silva

The company operates in the Technology sector with a market capitalization of 5.2 Million. It is 0.00% or $0 reaching $12.62 per share. About 6.60M shares traded.

BRCD has been the topic of a number of research analyst reports. It has outperformed by 41.77% the S&P500. Short shares increased 897,368 over that period. BNCL's SI was 1.40 million shares in November as released by FINRA. Yakira Cap Mngmt Incorporated holds 137,759 shares or 0.52% of its portfolio. Next year this growth will reach 61.11% to attain $0.58.

About 403,920 shares traded. (NASDAQ:BRCD) has risen 58.47% since November 14, 2016 and is uptrending. It has underperformed by 17.61% the S&P500.

Investors sentiment increased to 1.78 in Q2 2017. Its weekly and monthly volatility is 0.62%, 1.76% respectively. Esperion Therapeutics Inc (Call) was reduced too. 21 funds opened positions while 34 raised stakes. Natixis reported 39,394 shares. During the same quarter in the prior year, the company earned $0.21 earnings per share. 54 are owned by Hudock Cap Limited. RBC Capital Markets maintained the shares of BRCD in report on Friday, June 9 with "Hold" rating. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 2,367 shares. Voya Investment Management Ltd Co has 113,731 shares. (NASDAQ:BRCD) or 1.72M shares. Indexiq Advsr Llc holds 442,143 shares or 0.27% of its portfolio. Ubs Asset Americas invested in 0% or 330,128 shares. (NASDAQ:BNCL). Millennium Mgmt Lc stated it has 436,147 shares. Weaver C Barksdale And Assocs Inc stated it has 979 shares. Delta Asset Limited Liability Company Tn holds 1,000 shares or 0% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 88,500 shares or 0.1% of its portfolio. Millennium Ltd Liability Com reported 0.05% stake. (NASDAQ:BNCL) has "Hold" rating given on Monday, April 25 by Sandler O'Neill. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Therefore 0 are positive. Agrium Inc. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Beneficial Bancorp, Inc. (NASDAQ:BRCD) earned "Neutral" rating by Goldman Sachs on Friday, May 20. The stock has a consensus rating of "Hold" and a consensus price target of $12.83. Macquarie Group Ltd controls 1,086,216 shares with a value of $12,980,000. It also upped Oshkosh Corp (NYSE:OSK) stake by 7,132 shares and now owns 7,520 shares.

Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. Therefore 21% are positive. Zacks Investment Research lowered shares of Brocade Communications Systems from a "buy" rating to a "hold" rating in a research note on Tuesday, July 25th. The company was maintained on Friday, August 26 by UBS. Robert W. Baird maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) has "Hold" rating given on Tuesday, August 15 by Stifel Nicolaus. The rating was maintained by Citigroup on Monday, August 22 with "Neutral". The firm has "Buy" rating given on Thursday, February 18 by Wunderlich. The stock has "Market Perform" rating by Raymond James on Wednesday, September 23. Of the 14 analysts surveyed by Reuters that track OLN 5 of them rate its stock a hold. The firm earned "Buy" rating on Friday, August 7 by Citigroup.

On September 29 Robert W. Baird held the company rating at "Hold" projecting a price of $13.00.

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Analysts await Brocade Communications Systems, Inc. (NASDAQ:BRCD). 74,154 were reported by Utah Retirement Sys. As of the last earnings report the EPS was $0.07 with 413.82M shares now outstanding. After $-0.05 actual EPS reported by Brocade Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -360.00% EPS growth.

Investors sentiment decreased to 0.82 in 2017 Q2. Its up 0.90, from 0.88 in 2017Q1. It fall, as 36 investors sold BRCD shares while 76 reduced holdings.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Longfellow Investment Management Co Llc, a Massachusetts-based fund reported 1.29 million shares. Ifrah Fin Inc holds 16,142 shares. Gideon Capital Advsrs reported 0.24% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 31,000 shares.

Public Employees Retirement System of OH raised its position in shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD). Manufacturers Life Insurance The invested in 0.01% or 601,806 shares.

Shares of Level 3 Communications, Inc. State Board Of Administration Of Florida Retirement System has invested 0.02% in Brocade Communications Systems, Inc. Whittier Trust Communications owns 191 shares. Moreover, Capital Returns Management Llc has 10.53% invested in the company for 707,980 shares. Bank of America initiated Brocade Communications Systems, Inc. (NASDAQ:BRCD). Envestnet Asset Management Inc invested 0% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) are $12.04 and $12.39.

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