Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Brocade Communications Systems
(
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day down 1.2%. By the end of trading, Brocade Communications Systems fell $0.20 (-2.6%) to $7.40 on average volume. Throughout the day, 5,511,180 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 6,873,400 shares. The stock ranged in price between $7.28-$7.65 after having opened the day at $7.64 as compared to the previous trading day's close of $7.60. Other companies within the Computer Hardware industry that declined today were:
(
), down 6.8%,
(
), down 5.0%,
(
), down 4.6% and
(
), down 4.1%.
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 $3.3 billion and is part of the technology sector. Shares are up 42.6% year to date as of the close of trading on Thursday. 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
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Brocade Communications Systems Ratings Report.
On the positive front,
(
), up 9.6%,
(
), up 2.5%,
(
), up 1.8% and
(
), up 1.5% , were all gainers within the computer hardware industry with
(
) being today's featured computer hardware industry leader.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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