Somewhat Positive Media Coverage Somewhat Unlikely to Impact Brocade Communications Systems (NASDAQ:BRCD) Stock Price

News articles about Brocade Communications Systems (NASDAQ:BRCD) have been trending somewhat positive on Monday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Brocade Communications Systems earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 47.1589710583814 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Brocade Communications Systems (BRCD) opened at $12.69 on Monday. The firm has a market capitalization of $5,270.00, a PE ratio of 181.29, a PEG ratio of 2.93 and a beta of 0.54. The company has a quick ratio of 2.66, a current ratio of 2.78 and a debt-to-equity ratio of 0.58. Brocade Communications Systems has a 1-year low of $11.43 and a 1-year high of $12.74.

Several research analysts have issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and set a $13.00 price objective on shares of Brocade Communications Systems in a report on Friday, September 29th. Royal Bank of Canada reissued a “hold” rating and issued a $12.75 price target on shares of Brocade Communications Systems in a research note on Friday, September 29th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $12.83.

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About Brocade Communications Systems

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. The Company operates through three segments: SAN Products, IP Networking Products and Global Services.

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