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.

Investment analysts gave a few price targets for BRCD. The maximum price target given was 12.75, implying a possible profit of 1.35 percent. The minimum price target given was 11.5, implying potential capital losses of -8.59 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -1.18 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of BRCD's earnings is estimated by analysts to be -57.21 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, 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 trailing 52-weeks, BRCD hit 12.72 at the highest peak, while it's lowest trading point was 8.64. Today's price is 45.6 percent above the 52-week low, and 1.1 percent lower than its 52-week high. BRCD has a P/E 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 will post this quarters earnings in days, on 0000-00-00.