Brocade Communications Systems Inc (BRCD): Today's Featured Computer Hardware Winner

Brocade Communications Systems was a winner within the computer hardware industry, rising $0.06 (1.0%) to $6.04 on average volume
By TheStreet Wire ,

Brocade Communications Systems

(

BRCD

) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.1%. By the end of trading, Brocade Communications Systems rose $0.06 (1.0%) to $6.04 on average volume. Throughout the day, 11,396,123 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 7,826,000 shares. The stock ranged in a price between $5.94-$6.11 after having opened the day at $5.98 as compared to the previous trading day's close of $5.98. Other companies within the Computer Hardware industry that increased today were:

Dot Hill Systems Corporation

(

HILL

), up 12.8%,

Transact Technologies

(

TACT

), up 5.8%,

Silicom

(

SILC

), up 5.6% and

SMART Technologies

(

SMT

), up 5.1%.

Brocade Communications Systems, Inc. engages in the supply of Internet protocol based Ethernet networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. Brocade Communications Systems has a market cap of $2.5 billion and is part of the technology sector. Shares are up 7.7% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Brocade Communications Systems a buy, 3 analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates

Brocade Communications Systems

as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front,

Overland Storage

(

OVRL

), down 4.2%,

Echelon Corporation

(

ELON

), down 3.8%,

Acorn Energy

(

ACFN

), down 3.4% and

Lantronix

(

LTRX

), down 3.0% , were all laggards within the computer hardware industry with

SanDisk

(

SNDK

) being today's computer hardware industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider

iShares Dow Jones US Technology

(

IYW

) while those bearish on the computer hardware industry could consider

ProShares Ultra Short Semiconductor

(

SSG

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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