NEW YORK (
Brocade Communications Systems Incorporate
) hit a new 52-week high Thursday as it is currently trading at $7.13, above its previous 52-week high of $6.88 with 6.5 million shares traded as of 9:36 a.m. ET. Average volume has been 10.4 million shares over the past 30 days.
Brocade Communications Systems Incorporate has a market cap of $3.2 billion and is part of the
industry. Shares are up 26.1% year to date as of the close of trading on Wednesday.
Brocade Communications Systems, Inc. supplies networking equipment comprising end-to-end Internet protocol based Ethernet and storage area networking solutions. The company has a P/E ratio of 37.1, above the average computer hardware industry P/E ratio of 30.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Brocade Communications Systems Incorporate as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full
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