Brocade Communications Systems Inc (BRCD): Today's Featured Computer Hardware Winner

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 0.4%. By the end of trading, Brocade Communications Systems rose $0.21 (2.3%) to $9.24 on heavy volume. Throughout the day, 12,384,995 shares of Brocade Communications Systems exchanged hands as compared to its average daily volume of 4,699,700 shares. The stock ranged in a price between $9.00-$9.25 after having opened the day at $9.06 as compared to the previous trading day's close of $9.03. Other companies within the Computer Hardware industry that increased today were: Dot Hill Systems Corporation ( HILL), up 15.3%, Immersion Corporation ( IMMR), up 4.7%, Crossroads Systems ( CRDS), up 3.3% and Astro-Med ( ALOT), up 2.4%.

Brocade Communications Systems, Inc. provides Internet protocol based networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. Brocade Communications Systems has a market cap of $4.0 billion and is part of the technology sector. The company has a P/E ratio of 20.0, above the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Brocade Communications Systems a buy, 2 analysts rate it a sell, and 11 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 solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Dataram Corporation ( DRAM), down 7.7%, Acorn Energy ( ACFN), down 7.2%, Nimble Storage ( NMBL), down 6.1% and Gigamon ( GIMO), down 5.6% , were all laggards within the computer hardware industry with Western Digital Corporation ( WDC) being today's computer hardware industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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