NEW YORK ( TheStreet) -- Brocade Communications Systems (Nasdaq: BRCD) is trading at unusually high volume Monday with 30.7 million shares changing hands. It is currently at four times its average daily volume and trading up 34 cents (+6.3%) at $5.76 as of 2:55 p.m. ET. Brocade Communications Systems has a market cap of $2.44 billion and is part of the technology sector and computer hardware industry. Shares are up 3.3% year to date as of the close of trading on Friday. Brocade Communications Systems, Inc. engages in the supply of Internet protocol based Ethernet networking solutions and storage area networking (SAN) solutions. The company has a P/E ratio of 53.6, equal to the average computer hardware industry P/E ratio 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 revenue growth, good cash flow from operations and expanding profit margins. 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.
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