Media stories about Brocade Communications Systems (NASDAQ:BRCD) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brocade Communications Systems earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.344347952044 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

BRCD has been the subject of a number of analyst reports. Zacks Investment Research lowered Brocade Communications Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reissued a “hold” rating and issued a $12.75 price target on shares of Brocade Communications Systems in a research report on Friday, September 29th. Robert W. Baird reissued a “hold” rating on shares of Brocade Communications Systems in a research report on Friday, August 25th. Finally, BidaskClub raised Brocade Communications Systems from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Brocade Communications Systems currently has a consensus rating of “Hold” and an average target price of $12.45.

Shares of Brocade Communications Systems (NASDAQ:BRCD) opened at 12.27 on Monday. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 172.82 and a beta of 0.63. Brocade Communications Systems has a 52-week low of $8.64 and a 52-week high of $12.72. The company has a 50-day moving average price of $12.20 and a 200-day moving average price of $12.47.

Brocade Communications Systems (NASDAQ:BRCD) last posted its quarterly earnings results on Thursday, August 24th. The technology company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.12. Brocade Communications Systems had a return on equity of 5.42% and a net margin of 1.30%. The firm had revenue of $549.00 million during the quarter, compared to analysts’ expectations of $614.10 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. On average, equities analysts anticipate that Brocade Communications Systems will post $0.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 11th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Friday, September 8th. Brocade Communications Systems’s dividend payout ratio is currently 314.29%.

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About Brocade Communications Systems

Brocade Communications Systems, Inc (Brocade) is a supplier of networking hardware, software and services, including storage area networking (SAN) solutions and Internet protocol (IP) networking solutions for businesses and organizations of various types and sizes. The Company operates through three segments: SAN Products, IP Networking Products and Global Services.

Insider Buying and Selling by Quarter for Brocade Communications Systems (NASDAQ:BRCD)

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