NEW YORK (
) 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
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
. 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
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