NEW YORK (

TheStreet

) --

Brocade Communications Systems Inc

(Nasdaq:

BRCD

) is trading at unusually high volume Tuesday with 37.9 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 59 cents (+13.2%) at $5.07 as of 4 p.m. ET.

Brocade Communications Systems has a market cap of $2.27 billion and is part of the

technology

sector and

computer hardware

industry. Shares are down 15.3% year to date as of the close of trading on Monday.

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 29, above the average computer hardware industry P/E ratio of 27.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Brocade Communications Systems as a

hold

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full

Brocade Communications Systems Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting

HVUP

to 95370 or select from

multiple alert options

.

null