Shares of Brocade Communications Systems, Inc. (BRCD) Sees Large Inflow of Net Money Flow

Brocade Communications Systems, Inc. (BRCD) dropped -0.16% or -0.02 points to trade at $12.45 per share. As per the latest trading data available, the net money flow stood at $27.1 million as the shares received $37.62 million in upticks and gave away $10.52 million in downticks. The final up/down ratio was at 3.58. On a weekly basis, the stock has seen a change of -0.24%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 4.82. $32.56 million was the inflow in upticks and $6.75 million was the outflow in downticks. For the block trade, the net money flow was $25.81 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Brocade Communications Systems, Inc. has lost 0.24% in the last five trading days and dropped 0.32% in the last 4 weeks. Brocade Communications Systems, Inc. is up 17.98% in the last 3-month period. Year-to-Date the stock performance stands at -0.32%. Brocade Communications Systems, Inc. (NASDAQ:BRCD) witnessed a decline in the market cap on Wednesday as its shares dropped 0.16% or 0.02 points. After the session commenced at $12.47, the stock reached the higher end at $12.49 while it hit a low of $12.45. With the volume soaring to 8,895,759 shares, the last trade was called at $12.45. The company has a 52-week high of $12.54. The company has a market cap of $5,058 million and there are 406,282,350 shares in outstanding. The 52-week low of the share price is $7.58.

Company has reported several Insider transactions to the SEC, on Dec 16, 2016, Ellen Odonnell (SVP & General Counsel) sold 6,346 shares at 12.38 per share price.On Dec 15, 2016, Lloyd Carney (Chief Executive Officer) sold 649,309 shares at 12.40 per share price.On Nov 28, 2016, Gale E. England (COO and SVP Operations) sold 10,000 shares at 12.41 per share price.

Brocade Communications Systems Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $0.22. The company had revenue of $657.30 million for the quarter, compared to analysts expectations of $639.74 million. The companys revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The worlds premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition, the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their IT resources.

Brocade

Share this post

Leave a Reply