Insiders Are Selling – Brocade Communications Systems, (NASDAQ:BRCD)

Insiders Are Selling – Brocade Communications Systems, (NASDAQ:BRCD)

“(BRCD)” was originally reported by Stock Observer and is the property of of Stock Observer. The shares were sold on March 15th for an average price of $12.38.

BRCD has been the subject of a number of other research reports. The shares were sold at an average price of $12.47, for a total value of $13,104,922.52. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. Finally, TheStreet downgraded Brocade Communications Systems from a “b” rating to a “c” rating in a research note on Friday, February 24th.

Media headlines about Brocade Communications Systems (NASDAQ:BRCD) have trended somewhat positive this week, AlphaOne reports. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The stock has “Hold” rating by Argus Research on Wednesday, November 2. (NASDAQ:BRCD), gained 0.00% to $12.62.

Company shares last traded at $12.64 which is just a bit higher than $12.62, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $12.48. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 86.44 and a beta of 0.88.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 8.39%, and has a solid year to date (YTD) performance of 1.04% which means the stock is constantly adding to its value from the previous fiscal year end price.

Brocade Communications Systems (NASDAQ:BRCD) last announced its quarterly earnings data on Thursday, May 25th. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.60 earnings per share. Brocade Communications Systems had a return on equity of 13.41% and a net margin of 9.12%.

While considering growth estimates of the company, it has next quarter growth estimates of -39.4% whereas during current quarter it has -23.8% estimations over growth, comparing to the estimations of -43.3% during current year and 40.7% for next year. During the same period past year, the firm posted $0.22 EPS.

ANY’s revenue has grown at an average annualized rate of about 650.2% during the past five years. The 52-week range of the share price is from $21.67 – $25.34, while its earnings per share (EPS) was $0.90. If you are viewing this story on another site, it was stolen and republished in violation of worldwide copyright and trademark law. The legal version of this piece can be viewed at

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. (NasdaqGS:BRCD) has a Shareholder Yield of 0.000982 and a Shareholder Yield (Mebane Faber) of -0.00435. The firm has “Hold” rating given on Thursday, June 1 by TD Securities. Brocade Communications Systems Inc. had 50 analyst reports since August 19, 2015 according to SRatingsIntel. Shares have risen 1.61% over the trailing 6 months. The 52-week range of the share price is from $8.50 – $12.69, while its earnings per share (EPS) was $0.15. The company has its outstanding shares of 410.04 million. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

In other news, SVP Ellen Odonnell sold 6,345 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $12.37, for a total value of $78,487.65. The disclosure for this sale can be found here. Bank of Montreal Can now owns 13,240 shares of the technology company’s stock worth $166,000 after buying an additional 1,629 shares during the period. Creative Planning raised its position in Brocade Communications Systems by 27.4% in the first quarter. Alpine Associates Management Inc. purchased a new position in shares of Brocade Communications Systems during the fourth quarter worth $85,985,000. Following the completion of the sale, the senior vice president now owns 11,226 shares in the company, valued at $138,865.62.

On Friday, Shares of Interpublic Group of Companies Inc (NYSE:IPG), gained 1.30% to $24.07. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,039,956 shares of the technology company’s stock valued at $12,989,000 after buying an additional 980,662 shares during the last quarter. Brocade Communications Systems has a consensus rating of “Hold” and an average price target of $11.35. It supplies networking hardware and software, including Storage Area Networking solutions and Internet Protocol networking solutions for businesses and organizations worldwide.