Equities research analysts expect Brocade Communications Systems, Inc. (NASDAQ:BRCD) to post earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Brocade Communications Systems’ earnings. Brocade Communications Systems reported earnings of $0.13 per share in the same quarter last year, which indicates a negative year over year growth rate of 69.2%. The firm is expected to announce its next earnings report on Thursday, August 24th.

On average, analysts expect that Brocade Communications Systems will report full-year earnings of $0.06 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $0.25 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Brocade Communications Systems.

Brocade Communications Systems (NASDAQ:BRCD) last released its quarterly earnings results on Thursday, May 25th. The technology company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.09. The company had revenue of $552.80 million for the quarter, compared to analysts’ expectations of $602.92 million. Brocade Communications Systems had a return on equity of 8.49% and a net margin of 2.54%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Brocade Communications Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of Brocade Communications Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Wunderlich reaffirmed a “sell” rating on shares of Brocade Communications Systems in a research note on Thursday, March 30th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $12.75 target price on shares of Brocade Communications Systems in a research note on Friday, June 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $12.75 target price on shares of Brocade Communications Systems in a research note on Friday, May 26th. Two research analysts have rated the stock with a sell rating and fifteen have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $11.13.

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Shares of Brocade Communications Systems (NASDAQ BRCD) opened at 12.64 on Wednesday. The company has a market cap of $5.18 billion, a PE ratio of 86.58 and a beta of 0.67. The company’s 50-day moving average price is $12.65 and its 200 day moving average price is $12.53. Brocade Communications Systems has a one year low of $8.64 and a one year high of $12.72.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Monday, June 12th were paid a $0.055 dividend. The ex-dividend date was Thursday, June 8th. This represents a $0.22 annualized dividend and a dividend yield of 1.74%. Brocade Communications Systems’s payout ratio is 157.14%.

In other Brocade Communications Systems news, SVP Ken Cheng sold 200,000 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $12.62, for a total transaction of $2,524,000.00. Following the sale, the senior vice president now directly owns 252,338 shares of the company’s stock, valued at $3,184,505.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ellen Odonnell sold 7,811 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $12.64, for a total transaction of $98,731.04. Following the sale, the senior vice president now directly owns 19,037 shares in the company, valued at $240,627.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 276,299 shares of company stock valued at $3,487,050. Company insiders own 1.77% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Brocade Communications Systems by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,557 shares of the technology company’s stock valued at $356,000 after buying an additional 111 shares during the period. Capstone Asset Management Co. increased its stake in Brocade Communications Systems by 0.6% in the second quarter. Capstone Asset Management Co. now owns 33,825 shares of the technology company’s stock valued at $427,000 after buying an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brocade Communications Systems by 1.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,671 shares of the technology company’s stock valued at $196,000 after buying an additional 295 shares during the period. Profund Advisors LLC increased its stake in Brocade Communications Systems by 0.6% in the first quarter. Profund Advisors LLC now owns 62,584 shares of the technology company’s stock valued at $781,000 after buying an additional 380 shares during the period. Finally, Fulton Bank N.A. increased its stake in Brocade Communications Systems by 2.2% in the first quarter. Fulton Bank N.A. now owns 19,051 shares of the technology company’s stock valued at $238,000 after buying an additional 411 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Brocade Communications Systems Company Profile

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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