Analyst Ratings for Brocade Communications Systems Inc. (BRCD)

Updated: 2017-07-28

Brocade Communications Systems Inc. (NASDAQ:BRCD) was awarded an average rating of Hold from investment analysts following the stock. BRCD had previously received a consensus rating of Hold a month ago.

0 analysts declared BRCD a buy, 0 gave an overweight rating, 9 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has decreased by 1.

A number of analysts gave price targets for BRCD. The most optimistic price target was 12.75, which equates to a potential upside of 1.35 percent. The most pessimistic analyst gave a price target of 11.5, implying a possible loss of -8.59 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. That number becomes 30.95 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -1.18 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

BRCD has an estimated earnings growth rate of -57.21 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of BRCD is -1.57.

In the trailing 52-weeks, BRCD hit 12.72 at the highest peak, while it's lowest trading point was 8.64. Currently the stock is 45.6 percent higher than its low, and 1.1 percent below the high. BRCD has a price/earnings ratio of 89.86. Investors typically compare the P/E ratio to a company's peers in the industry. The BRCD value stock report compares BRCD to some of its peers using value stock charts. The market cap of BRCD is $5.17 billion. BRCD's next earnings release will be on 0000-00-00, which is days away.