Brocade Communications Systems ( BRCD) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.9%. By the end of trading, Brocade Communications Systems rose 6 cents (1.2%) to $5.07 on average volume. Throughout the day, seven million shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 5.3 million shares. The stock ranged in a price between $4.90-$5.12 after having opened the day at $4.97 as compared to the previous trading day's close of $5.01. Other companies within the Computer Hardware industry that increased today were: Network Equipment Technologies ( NWK), up 8%, Radcom ( RDCM), up 6.1%, Performance Technologies ( PTIX), up 3.6%, and Immersion Corporation ( IMMR), up 3.2%. Brocade Communications Systems, Inc. engages in the supply of Internet protocol based Ethernet networking solutions and storage area networking (SAN) solutions. Brocade Communications Systems has a market cap of $2.38 billion and is part of the technology sector. The company has a P/E ratio of 103.6, above the average computer hardware industry P/E ratio of 30.5 and above the S&P 500 P/E ratio of 17.7. Shares are down 0.2% year to date as of the close of trading on Monday. Currently there are five analysts that rate Brocade Communications Systems a buy, two analysts rate it a sell, and 18 rate it a hold. TheStreet Ratings rates Brocade Communications Systems as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Brocade Communications Systems Ratings Report.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
- Find other investment ideas from our top rated ETFs lists.