Brocade Communications Systems (BRCD) - FREE Research Report

Cheng Ken who is CTO & VP Corporate Development at Brocade Communications Systems sold 15,000 shares at $10.35 on March 24, 2014. Following this transaction, the CTO & VP Corporate Development owned 280,727 shares meaning that the stake was reduced by 5.07% with the 15,000-share transaction.

The shares most recently traded at $10.50, up $0.15, or 1.47% since the insider transaction. Historical insider transactions for Brocade Communications Systems go as follows:

  • 12-Week # shares sold: 7,175
  • 24-Week # shares sold: 7,175

The average volume for Brocade Communications Systems has been 5.4 million shares per day over the past 30 days. Brocade Communications Systems has a market cap of $4.5 billion and is part of the technology sector and computer hardware industry. Shares are up 15.68% year-to-date as of the close of trading on Monday.

Brocade Communications Systems, Inc. provides Internet protocol based networking solutions and storage area networking (SAN) solutions to businesses and organizations worldwide. The company has a P/E ratio of 14.8. Currently there are 4 analysts that rate Brocade Communications Systems a buy, 1 analyst rates it a sell, and 10 rate it a hold.

Exclusive Offer: Get the latest Stock Analysis on BRCD - FREE

TheStreet Quant 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, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Brocade Communications Systems Ratings Report from TheStreet Quant Ratings now.

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