NEW YORK ( TheStreet) -- Shares of Brocade Communications Systems Incorporate (Nasdaq: BRCD) were gapping up Friday morning with an open price 10.3% higher than Thursday's closing price. The stock closed at $6.02 Thursday and opened today's trading at $6.64. The average volume for Brocade Communications Systems Incorporate has been 13.3 million shares per day over the past 30 days. Brocade Communications Systems Incorporate has a market cap of $2.7 billion and is part of the technology sector and computer hardware industry.

Brocade Communications Systems, Inc. supplies end-to-end Internet protocol based Ethernet and storage area networking solutions for enterprises and service providers. The company has a P/E ratio of 23, above the average computer hardware industry P/E ratio of 22.9 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Brocade Communications Systems Incorporate as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Brocade Communications Systems Incorporate Ratings Report.

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