Brocade Communications Systems, Inc. s in-depth stock price analysis indicates that the stock price has dropped -0.57% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 33.23% . Looking at the past 52 week period, the stock price is up at 57.62% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Brocade Communications Systems, Inc. has a positive value of 18.05 compared to overall market. Brocade Communications Systems, Inc. (NASDAQ:BRCD) has tumbled 1.6% during the past week and has dropped 1.44% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.39%. Brocade Communications Systems, Inc. (NASDAQ:BRCD) has underperformed the index by 3.21% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Brocade Communications Systems, Inc. (NASDAQ:BRCD) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.08% at $12.31 with 4,186,716 shares getting traded. Post opening the session at $12.34, the shares hit an intraday low of $12.3 and an intraday high of $12.355 and the price was in this range throughout the day. The company has a market cap of $5,001 million and the number of outstanding shares has been calculated to be 406,282,350 shares. The 52-week high of Brocade Communications Systems, Inc. (NASDAQ:BRCD) is $12.54 and the 52-week low is $7.58.
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.
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, 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.