Brocade Communications Systems, Inc. (NASDAQ: BRCD) had its price target boosted by several analysts.
Brocade Communications Systems, Inc. (BRCD) had its price target raised by Piper Jaffray (NYSE:PJC) to $4.50.
Brocade Communications Systems, Inc. had its price target raised by Goldman Sachs (NYSE:GS) to $4.00.
Brocade Communications Systems, Inc. had its price target raised by Wunderlich to $7.00.
Brocade Communications Systems, Inc. had its price target raised by FBN Securities to $5.50.
Showing posts with label Brocade. Show all posts
Showing posts with label Brocade. Show all posts
Wednesday, November 23, 2011
Tuesday, November 22, 2011
Brocade (BRCD) Ratings, Price Targets
Brocade Communications Systems, Inc. (BRCD) ratings and price targets.
Citigroup (NYSE:C) reiterated its “Buy” rating on Brocade Communications Systems, Inc. (BRCD). They have a price target of $5.75 on the company.
Bank of America (NYSE:BAC) reiterated its “Buy” rating on Brocade Communications Systems, Inc.. They have a price target of $5.50 on the company.
Goldman Sachs (NYSE:GS) raised its price target on Brocade
Communications Systems, Inc. to $4.00.
Piper Jaffray (NYSE:PJC) raised its price target on Brocade
Communications Systems, Inc. to $4.50.
Oppenheimer reiterated its “Market Perform” on Brocade
Communications Systems, Inc.
Citigroup (NYSE:C) reiterated its “Buy” rating on Brocade Communications Systems, Inc. (BRCD). They have a price target of $5.75 on the company.
Bank of America (NYSE:BAC) reiterated its “Buy” rating on Brocade Communications Systems, Inc.. They have a price target of $5.50 on the company.
Goldman Sachs (NYSE:GS) raised its price target on Brocade
Communications Systems, Inc. to $4.00.
Piper Jaffray (NYSE:PJC) raised its price target on Brocade
Communications Systems, Inc. to $4.50.
Oppenheimer reiterated its “Market Perform” on Brocade
Communications Systems, Inc.
Monday, August 22, 2011
Salesforce.com (CRM) (WTSLA) (ADSK) (FLS) (ARO) (BRCD) Price Targets Changed
Salesforce.com (NYSE: CRM), Wet Seal (NASDAQ: WTSLA), Autodesk (NASDAQ: ADSK), Flowserve Corp (NYSE: FLS), Aeropostale, Inc. (NYSE: ARO) and Brocade Communications Systems, Inc. (NASDAQ: BRCD) price targets adjusted by analysts.
Wet Seal (WTSLA) had its price target raised by Brean Murray from $6.00 to $6.50. They have a “Buy” rating on the company.
Autodesk (NASDAQ: ADSK) had its price target lowered by Canaccord Genuity from $50.00 to $42.00. They have a “Buy” rating on the company.
Salesforce.com (CRM) had its price target lowered by Stifel Nicolaus from $170.00 to $160.00. They have a “Buy” rating on the company.
Flowserve Corp. (FLS) had its price target lowered by RBC Capital from $130.00 to $115.00. They have an “Outperform” rating on the company.
Aeropostale, Inc. (ARO) had its price target lowered by RBC Capital from $17.00 to $14.00. They have a “Sector Perform” rating on the company.
Brocade Communications Systems, Inc. (BRCD) had its price target lowered by RBC Capital from $6.00 to $4.00. They have a “Sector Perform” rating on the company.
Wet Seal (WTSLA) had its price target raised by Brean Murray from $6.00 to $6.50. They have a “Buy” rating on the company.
Autodesk (NASDAQ: ADSK) had its price target lowered by Canaccord Genuity from $50.00 to $42.00. They have a “Buy” rating on the company.
Salesforce.com (CRM) had its price target lowered by Stifel Nicolaus from $170.00 to $160.00. They have a “Buy” rating on the company.
Flowserve Corp. (FLS) had its price target lowered by RBC Capital from $130.00 to $115.00. They have an “Outperform” rating on the company.
Aeropostale, Inc. (ARO) had its price target lowered by RBC Capital from $17.00 to $14.00. They have a “Sector Perform” rating on the company.
Brocade Communications Systems, Inc. (BRCD) had its price target lowered by RBC Capital from $6.00 to $4.00. They have a “Sector Perform” rating on the company.
Tuesday, August 16, 2011
AK Steel (AKS) (RGLD) (WATG) (BRCD) (TSS) (CAAS) Downgraded
AK Steel Holding Co. (NYSE: AKS), Royal Gold, Inc. (NASDAQ: RGLD), Wonder Auto Technology Inc (NASDAQ: WATG), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Total System Services, Inc. (NYSE: TSS) and China Automotive Systems Inc. (NASDAQ: CAAS) downgraded by analysts.
Wonder Auto Technology Inc. (WATG) was downgraded by analysts at Brean Murray from a “Buy” rating to a “Hold” rating.
AK Steel Holding Co. (AKS) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
Brocade Communications Systems, Inc. (BRCD) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating. They have a price target of $3.30 on the company.
Total System Services, Inc. (TSS) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.
China Automotive Systems Inc. (CAAS) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
Royal Gold, Inc. (RGLD) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Wonder Auto Technology Inc. (WATG) was downgraded by analysts at Brean Murray from a “Buy” rating to a “Hold” rating.
AK Steel Holding Co. (AKS) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
Brocade Communications Systems, Inc. (BRCD) was downgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Sell” rating. They have a price target of $3.30 on the company.
Total System Services, Inc. (TSS) was downgraded by Goldman Sachs from a “Buy” rating to a “Neutral” rating.
China Automotive Systems Inc. (CAAS) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
Royal Gold, Inc. (RGLD) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Tuesday, August 9, 2011
CF (CF) (WPO) (WTW) (XIDE) (BRCD) (CCL) Price Targets Changed
CF Industries Holdings Inc (NYSE: CF), Washington Post Co (NYSE: WPO), Weight Watchers International, Inc. (NYSE: WTW), Exide Technologies (NASDAQ: XIDE), Brocade Communications Systems, Inc. (NASDAQ: BRCD) and Carnival Co. (NYSE: CCL) price targets adjusted by analysts.
Washington Post Co. (WPO) had its price target lowered by analysts at UBS AG (NYSE:UBS) to $420.00. They have a “Neutral” rating on the company.
Weight Watchers International, Inc. (WTW) had its price target lowered by Wedbush from $88.00 to $79.00. They have an “Outperform” rating on the company.
Exide Technologies (XIDE) had its price target lowered by Ardour Capital from $10.00 to $6.25. They have an “Accumulate” rating on the company.
Brocade Communications Systems, Inc. (BRCD) had its price target lowered by UBS AG from $7.00 to $3.75. They have a “Neutral” rating on the company.
Carnival Co. (CCL) had its price target lowered by Goldman Sachs (NYSE:GS) to $36.00. They have a “Buy” rating on the company.
CF Industries Holdings Inc. (CF) had its price target raised by Ticonderoga from $185.00 to $200.00. They have a “Buy” rating on the company.
Washington Post Co. (WPO) had its price target lowered by analysts at UBS AG (NYSE:UBS) to $420.00. They have a “Neutral” rating on the company.
Weight Watchers International, Inc. (WTW) had its price target lowered by Wedbush from $88.00 to $79.00. They have an “Outperform” rating on the company.
Exide Technologies (XIDE) had its price target lowered by Ardour Capital from $10.00 to $6.25. They have an “Accumulate” rating on the company.
Brocade Communications Systems, Inc. (BRCD) had its price target lowered by UBS AG from $7.00 to $3.75. They have a “Neutral” rating on the company.
Carnival Co. (CCL) had its price target lowered by Goldman Sachs (NYSE:GS) to $36.00. They have a “Buy” rating on the company.
CF Industries Holdings Inc. (CF) had its price target raised by Ticonderoga from $185.00 to $200.00. They have a “Buy” rating on the company.
Monday, February 21, 2011
Brocade Communications (BRCD) Gets Bumped Up by Wunderlich
The network equipments provider Brocade Communications Systems, Inc. (NASDAQ:BRCD) conducts its business in the Data Storage Devices industry. Company possesses a portfolio of about 4,651 employees working in the organization. Company’s stock price is experiencing a continuous surge by 11.00% for last three months and its relative strength index remained 55. Company marked a latest development as it has been upgraded by Wunderlich on 18th of February 2011. Wunderlich declared its recommendation near Buy from previously disclosed Hold. However there was also a target price disclosed for BRCD near $8.
Brocade Communications Systems, Inc. on February 18, 2011 increased 5.98% with the closing price of $6.38. The overall volume in the last trading session was 134.94 million shares. Its fifty two week range was $4.64-$6.99. The total market capitalization remained $2.98 billion.
The management of Brocade Communications Systems, Inc. NASDAQ:BRCD recently reported financial results for its first fiscal quarter ended January 29, 2011. In the financial reporting company declared that its quarterly revenues recorded $546 million, representing an increase of 1.2% year-over-year and resulting in diluted earnings per share of $0.06 on a GAAP basis and $0.12 on a non-GAAP basis.
Rest of Story...
Brocade Communications Systems, Inc. on February 18, 2011 increased 5.98% with the closing price of $6.38. The overall volume in the last trading session was 134.94 million shares. Its fifty two week range was $4.64-$6.99. The total market capitalization remained $2.98 billion.
The management of Brocade Communications Systems, Inc. NASDAQ:BRCD recently reported financial results for its first fiscal quarter ended January 29, 2011. In the financial reporting company declared that its quarterly revenues recorded $546 million, representing an increase of 1.2% year-over-year and resulting in diluted earnings per share of $0.06 on a GAAP basis and $0.12 on a non-GAAP basis.
Rest of Story...
Friday, February 18, 2011
Brocade Communications Systems (BRCD) Jumps on Strong Guidance
Brocade Communications Systems (NASDAQ:BRCD) is enjoying an analyst love-fest today, as the beat earnings expectations and guidance was better than analysts were looking for.
Canaccord Genuity and Wedbush maintained their "Buy" rating on Brocade, while ThinkEquity and Wunderlich raised their rating to "Buy."
Deutsche Bank (NYSE:DB) didn't join the herd on this one, saying, "Our latest IT checks suggest continued volatility in Brocade’s sales and OEM partner execution – a trend that we anticipate to persist through FY11/12. The bar set by Cisco’s (NASDAQ:CSCO) Nexus switches and the upcoming Juniper’s (NASDAQ:JNPR) Stratus switch is likely to be steep for Brocade to overcome."
Brocade was trading at $6.56, gaining $0.54, or 8.97 percent, as of 11:49 AM EST.
Canaccord Genuity and Wedbush maintained their "Buy" rating on Brocade, while ThinkEquity and Wunderlich raised their rating to "Buy."
Deutsche Bank (NYSE:DB) didn't join the herd on this one, saying, "Our latest IT checks suggest continued volatility in Brocade’s sales and OEM partner execution – a trend that we anticipate to persist through FY11/12. The bar set by Cisco’s (NASDAQ:CSCO) Nexus switches and the upcoming Juniper’s (NASDAQ:JNPR) Stratus switch is likely to be steep for Brocade to overcome."
Brocade was trading at $6.56, gaining $0.54, or 8.97 percent, as of 11:49 AM EST.
Thursday, February 17, 2011
Semiconductor's Brocade (BRCD), ON Semi (ONNN) and National (NSM) Jumping Today
Semicondutors Brocade Communications Systems, Inc. (NASDAQ:BRCD), ON Semiconductor Corp. (NASDAQ:ONNN) and National Semiconductor Corporation (NYSE:NSM) are all trading positive today, led by Brocade, which has enjoyed the largest gains in the semi sector today.
Brocade Communications Systems, Inc. made the biggest move in anticipation of its earnings report after the market closes. Brocade was trading at $6.03, gaining $0.31, or 5.42 percent, as of 2:26 PM EST.
ON Semiconductor Corp. was trading at $11.81, gaining $0.18, or 1.55 percent.
National Semiconductor Corporation was at $15.81, up $0.32, or 2.07 percent.
Brocade Communications Systems, Inc. made the biggest move in anticipation of its earnings report after the market closes. Brocade was trading at $6.03, gaining $0.31, or 5.42 percent, as of 2:26 PM EST.
ON Semiconductor Corp. was trading at $11.81, gaining $0.18, or 1.55 percent.
National Semiconductor Corporation was at $15.81, up $0.32, or 2.07 percent.
Wednesday, November 24, 2010
HP (NYSE:HPQ), Cisco (Nasdaq:CSCO), Dell (Nasdaq:DELL), Brocade (Nasdaq:BRCD) Outlook Weak in Short Term
HP (NYSE:HPQ), Cisco (Nasdaq:CSCO), Dell (Nasdaq:DELL), Brocade (Nasdaq:BRCD) have all given weak guidance heading into January, according to Ticonderoga Securities, and they see less upside for the sector near term.
Ticonderoga said, "HP Upside Momentum Wanes, Brocade Provides Weak Outlook. Last night, HP reported better than expected October quarter results, but the revenue upside deteriorated compared with previous quarters, a common theme of late in the tech world. Also, Brocade reported a better than expected October quarter but a weaker than anticipated January quarter outlook. Over the past two weeks, Cisco, Dell and Brocade have provided weaker than expected January revenue outlooks, while NetApp (Nasdaq:NTAP) was in line and the upside at HP slowed.
"Upside Momentum at HP Slows. HP reported 4QFY10 revenue of $33.28 billion (up 8% Q/Q vs. up 12% average) that beat the Street estimate by -$524 million or approximately one half of the average upside delivered over the past year. Looking back at HP's revenue results during CY10, the company beat the Street sales estimate by -$1.2 billion in the January quarter, beat by -$1 billion in the April quarter and beat by -$700 million in the July quarter. Looking into 1QFY11, HP's revenue outlook calls for $32.8-$33.0 billion versus the consensus estimate of $32.7 billion.
"What Did BRCD, CSCO, DELL, HP and NTAP Tell Us? The slowing upside momentum at HP and NetApp, combined with disappointing outlooks from Cisco, Dell and Brocade tell us that the upside in the tech supply chain will become more difficult over the next few quarters. The January quarter sales outlooks for these five companies in aggregate totaled $60.47 billion, below the Street estimate of $61.94 billion by 2.4%, or $1.47 billion, highlighting deteriorating demand as we exit the year."
HP closed Tuesday at $44.19, gaining $0.94, or 2.17 percent. Cisco was at $19.20, falling $0.36, or 1.84 percent. Dell ended the session at $13.82, losing $0.14, or 1 percent. Brocade closed down at $5.13, dropping $0.57, or 10 percent. NetApp was at $50.85, falling by $1.37, or 2.62 percent.
Ticonderoga said, "HP Upside Momentum Wanes, Brocade Provides Weak Outlook. Last night, HP reported better than expected October quarter results, but the revenue upside deteriorated compared with previous quarters, a common theme of late in the tech world. Also, Brocade reported a better than expected October quarter but a weaker than anticipated January quarter outlook. Over the past two weeks, Cisco, Dell and Brocade have provided weaker than expected January revenue outlooks, while NetApp (Nasdaq:NTAP) was in line and the upside at HP slowed.
"Upside Momentum at HP Slows. HP reported 4QFY10 revenue of $33.28 billion (up 8% Q/Q vs. up 12% average) that beat the Street estimate by -$524 million or approximately one half of the average upside delivered over the past year. Looking back at HP's revenue results during CY10, the company beat the Street sales estimate by -$1.2 billion in the January quarter, beat by -$1 billion in the April quarter and beat by -$700 million in the July quarter. Looking into 1QFY11, HP's revenue outlook calls for $32.8-$33.0 billion versus the consensus estimate of $32.7 billion.
"What Did BRCD, CSCO, DELL, HP and NTAP Tell Us? The slowing upside momentum at HP and NetApp, combined with disappointing outlooks from Cisco, Dell and Brocade tell us that the upside in the tech supply chain will become more difficult over the next few quarters. The January quarter sales outlooks for these five companies in aggregate totaled $60.47 billion, below the Street estimate of $61.94 billion by 2.4%, or $1.47 billion, highlighting deteriorating demand as we exit the year."
HP closed Tuesday at $44.19, gaining $0.94, or 2.17 percent. Cisco was at $19.20, falling $0.36, or 1.84 percent. Dell ended the session at $13.82, losing $0.14, or 1 percent. Brocade closed down at $5.13, dropping $0.57, or 10 percent. NetApp was at $50.85, falling by $1.37, or 2.62 percent.
Brocade (NASDAQ:BRCD) Faces Challenges in Ethernet Segment
While maintaining a "Buy" rating on Brocade (NASDAQ:BRCD), Needham & Company says they're concerned about the short-term effects of the Ethernet segment of the company, as the SAN business remains solid.
Needham said, "Execution in core SAN business continues solid but challenges in Ethernet continue/remain. In Ethernet, BRCD is focusing more on enduser demand generation, channel development, sales related hiring and launching its recently announced next generation Ethernet fabric technologies - all which could take some time to be effective."
Brocade was crushed Tuesday, closing down to $5.13, losing $0.57, or 10 percent. Needham has a price target of $6.50 on them.
Needham said, "Execution in core SAN business continues solid but challenges in Ethernet continue/remain. In Ethernet, BRCD is focusing more on enduser demand generation, channel development, sales related hiring and launching its recently announced next generation Ethernet fabric technologies - all which could take some time to be effective."
Brocade was crushed Tuesday, closing down to $5.13, losing $0.57, or 10 percent. Needham has a price target of $6.50 on them.
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