November 17, 2017

$0.13 EPS Expected for Brocade Communications Systems, Inc. (BRCD)

15 November 2017, 11:23 | Hattie Nash

Mutual of America Capital Management LLC boosted its stake in shares of Brocade Communications Systems by 2.6% during the 3rd quarter. The Pentwater Capital Management Lp holds 6.04 million shares with $76.16M value, up from 4.76 million last quarter. The market capitalization of the company is at $5.2 Billion. It is 0.00% or $0 reaching $12.62 per share. BidaskClub raised shares of Brocade Communications Systems from a "strong sell" rating to a "sell" rating in a research report on Monday, August 14th.

Among 20 analysts covering Brocade Communications Systems Inc. "(BRCD)" was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. It has outperformed by 41.77% the S&P500. The firm owned 157,331 shares of the company's stock after selling 80,943 shares during the period. BNCL's SI was 1.40 million shares in November as released by FINRA. The stock declined 0.53% or $0.16 reaching $29.92 per share. It has underperformed by 8.87% the S&P500.

Investors sentiment increased to 1.78 in Q2 2017. It fall, as 15 investors sold Beneficial Bancorp, Inc. shares while 42 reduced holdings. Nationwide Fund Advisors invested in 0% or 8,460 shares. 54 are owned by Hudock Cap Limited. (NASDAQ:BRCD). Fulton National Bank Na reported 20,999 shares or 0.02% of all its holdings.

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State Of Wisconsin Invest Board stated it has 469,021 shares. Tiker4's total market worth is $37.08B along with 955.81M outstanding shares. (NASDAQ:BNCL) for 178,664 shares. Regis Mgmt Co Ltd Liability holds 197,204 shares or 0.41% of its portfolio.

Olin Corporation (NYSE:OLN) appreciated by 0.97% at $36.54. Its up 6.44% from 4.23M shares previously. Morgan Stanley owns 2.12 million shares for 0.02% of their portfolio.

Several other hedge funds have also recently bought and sold shares of the company. Panagora Asset Mngmt Inc reported 0.01% stake. (NASDAQ:BNCL) has "Hold" rating given on Monday, April 25 by Sandler O'Neill. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the company. Therefore 46% are positive. Intrexon had 14 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Agrium Inc. The firm has "Equalweight" rating by Barclays Capital given on Friday, May 20. The stock has a consensus rating of "Hold" and a consensus price target of $12.83.

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Vertex One Asset Management Inc increased Transocean Ltd (NYSE:RIG) stake by 50,000 shares to 395,800 valued at $3.26M in 2017Q2. It also reduced Videocon D2h Ltd stake by 85,105 shares and now owns 299,895 shares. Noble Corp Plc (NYSE:NE) was raised too. Brocade Communications Systems, Inc. RBC Capital Markets maintained the shares of BRCD in report on Thursday, August 24 with "Hold" rating. Therefore 21% are positive. Brocade Communications Systems Inc. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. As per Friday, August 26, the company rating was maintained by Wunderlich. Robert W. Baird maintained Brocade Communications Systems, Inc. (NASDAQ:BRCD) earned "Hold" rating by Deutsche Bank on Friday, August 26. The rating was maintained by Citigroup on Monday, August 22 with "Neutral". The stock has "Market Perform" rating by BMO Capital Markets on Friday, December 11. The firm earned "Buy" rating on Thursday, February 18 by Wunderlich. The firm has "Neutral" rating by Citigroup given on Friday, August 26. The stock has "Buy" rating by Canaccord Genuity on Friday, August 7. On Wednesday, November 2 the stock rating was upgraded by Robert W. Baird to "Neutral". $2.52 million worth of Brocade Communications Systems, Inc. (NASDAQ:BRCD) has risen 58.47% since November 13, 2016 and is uptrending. The analysts estimated EPS for the higher end at 0.39 and lower end at 0.18 while the year ago reported earnings per share was 0.27. BRCD's profit would be $53.81 million giving it 24.25 P/E if the $0.13 EPS is correct. After $-0.05 actual EPS reported by Brocade Communications Systems, Inc. for the previous quarter, Wall Street now forecasts -360.00% EPS growth.

A statistical measure of the dispersion of returns (volatility) for TROW producing salvation in Investors mouth, it has week volatility of 1.84% and for the month booked as 1.78%. This represents a $0.22 dividend on an annualized basis and a yield of 1.77%. 27 funds opened positions while 96 raised stakes. D E Shaw Inc holds 0.01% or 353,469 shares. Gideon Capital Advsrs reported 0.24% of its portfolio in Brocade Communications Systems, Inc. (BRCD). These ratios are important while doing valuation of the company or the shares of the company. During the same quarter in the prior year, the business earned $0.21 EPS. analysts anticipate that Brocade Communications Systems will post 0.36 EPS for the current year. (NASDAQ:BRCD). Manufacturers Life Insurance The invested in 0.01% or 601,806 shares. Finally, Zacks Investment Research lowered Brocade Communications Systems from a "buy" rating to a "hold" rating in a research report on Tuesday, July 25th. Pub Employees Retirement Sys Of Ohio accumulated 0.02% or 253,320 shares. Madison Investment Holdg Inc stated it has 0.89% in Visa Inc (NYSE:V). Moreover, Wolverine Asset Management Ltd Liability Co has 0.1% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 21,655 shares. (NASDAQ:BRCD) are $12.04 and $12.39.

Brocade Communications Systems, Inc (Brocade) is a supplier of networking hardware, software and services, including storage area networking (SAN) solutions and Internet protocol (IP) networking solutions for businesses and organizations of various types and sizes.

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