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.
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole was unchanged today. By the end of trading, Brocade Communications Systems rose $0.07 (1.1%) to $6.46 on average volume. Throughout the day, 6,390,341 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 8,119,000 shares. The stock ranged in a price between $6.28-$6.54 after having opened the day at $6.34 as compared to the previous trading day's close of $6.39. Other companies within the Computer Hardware industry that increased today were:
), up 23.7%,
), up 10.7%,
), up 8.3% and
), up 6.7%.
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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 $2.9 billion and is part of the technology sector. Shares are up 23.1% 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
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and compelling growth in net income. 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 negative front,
), down 33.8%,
), down 4.4%,
), down 4.4% and
), down 3.5% , were all laggards within the computer hardware industry with
) being today's computer hardware industry laggard.
- Use our computer hardware section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.