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.

Many analysts weighed in on price targets for BRCD. The highest price target was 12.75, implying potential capital gains of 1.35 percent. The most pessimistic price target was 11.5, implying a possible loss of -8.59 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 30.95 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -1.18 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

BRCD has an estimated earnings growth rate of -57.21 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. BRCD has a PEG ratio of -1.57.

In the last 52-weeks, BRCD has achieved a high of 12.72 and a low of 8.64. Currently the stock is 45.6 percent higher than its low, and 1.1 percent lower than its 52-week 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 stock has a market capitalization of $5.17 billion. BRCD is estimated to release their earnings results for the quarter on 0000-00-00, days from today.