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.

BRCD was given price targets by several analysts. The highest price target was 12.75, implying potential capital gains 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 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.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. 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, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.

Analysts estimate earnings of BRCD to grow at a rate of -57.21 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of BRCD is -1.57.

BRCD has traded between a high of 12.72 and a low of 8.64 over the past year. The current market price is above the trailing year's low by 45.6 percent, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.