Brocade stock soars on report of sale talks

The corporation has a market cap of US$3.47 Billion.

On the company's financial health, Brocade Communications Systems reported $0.22 EPS for the quarter, based on the information available during the earnings call on May 19, 2016. The company's revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

Brocade shares were down 5% year-to-date before the spike in trading, which triggered a halt because of the volatility of the move. The Stock had a 2.88 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.88 and 2.88 respectively.

Many analysts have provided their estimated foresights on Brocade Communications Systems, Inc. OVERWEIGHT signal was given by 0 and Underweight signal was issued by 1 Analyst. Earnings, with 21 analysts believing the company would generate an Average Estimate of $0.22. For the period which closed on 2016-07-31, Brocade Communications Systems, Inc. The company's Market capitalization is $7.68 Billion with the total Outstanding Shares of 26.29 million. Taking a look into the performance of USB stock, investor will come to know that the weekly performance for this stock is valued at 1.80%, resulting in a performance for the month at 5.08%.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $0.31 and reached to max level of $4.50.

17 analysts projected Price Targets for Brocade Communications Systems, Inc. Looking into the profitability ratios of BRCD stock, investor will find its ROE, ROA, ROI standing at 9.30%, 5.50% and 11.80%, respectively. The stock tapped a 52-week high of US$56.82 while the mean 12-month price target for the shares is US$49.1.

The stock is now showing YTD performance of -3.75 Percent.

Beta factor of the stock stands at 0.74. The stock remained 1.82% volatile for the week and 2.11% for the month.

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