Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.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 0.1%. By the end of trading, Brocade Communications Systems rose $1.09 (15.8%) to $7.99 on heavy volume. Throughout the day, 32,383,386 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 6,405,700 shares. The stock ranged in a price between $7.64-$8.04 after having opened the day at $7.86 as compared to the previous trading day's close of $6.90. Other companies within the Computer Hardware industry that increased today were: Dataram Corporation ( DRAM), up 20.4%, Rimage Corporation ( RIMG), up 17.4%, China TechFaith Wireless Comm Tech ( CNTF), up 11.3% and Performance Technologies ( PTIX), up 6.7%.
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. Brocade Communications Systems has a market cap of $3.0 billion and is part of the technology sector. Shares are up 29.5% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Brocade Communications Systems a buy, 3 analysts rate it a sell, and 12 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 impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.