Kovack Advisors Inc. purchased a new stake in Brocade Communications Systems, Inc. (NASDAQ:BRCD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,287 shares of the technology company’s stock, valued at approximately $194,000.
Shares of BRCD stock opened at $12.73 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.78 and a quick ratio of 2.66. Brocade Communications Systems, Inc. has a one year low of $11.43 and a one year high of $12.74.
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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