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 most optimistic analyst gave a price target of 12.75, implying a possible profit of 1.35 percent. The most pessimistic analyst gave a price target of 11.5, which equates to a potential downside of -8.59 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their 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. 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 last 52-weeks, BRCD has achieved a high of 12.72 and a low of 8.64. Today's price is 45.6 percent above the 52-week low, and 1.1 percent below the 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's next earnings release will be on 0000-00-00, which is days away.