Brocade Communications Systems Rises On Unusually High Volume (BRCD)
Brocade Communications Systems (Nasdaq:BRCD) is trading at unusually high volume Tuesday with 13.6 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 12 cents (+2.2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Brocade Communications Systems (Nasdaq: BRCD) is trading at unusually high volume Tuesday with 13.6 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 12 cents (+2.2%) at $5.42 as of 3:55 p.m. ET.
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Brocade Communications Systems has a market cap of $2.37 billion and is part of the technology sector and computer hardware industry. Shares are down 1.5% year to date as of the close of trading on Monday. Brocade Communications Systems, Inc. engages in the supply of Internet protocol based Ethernet networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Brocade Communications Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.