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How Did Brocade Communications Perform in Fiscal 4Q16?

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Part 4
How Did Brocade Communications Perform in Fiscal 4Q16? PART 4 OF 6

From the Street: How Do Analysts View Brocade Now?

Analysts’ recommendations

Of the 16 analysts covering US-based (SPY) Brocade Communications Systems (BRCD), one has recommended a “sell,” and 15 have recommended a “hold.” There were no “buy” recommendations. The analysts’ target price for the stock is $12.42, and the median target estimate is $12.75.

Brocade is trading at a discount of 2.8% to median analyst estimates. In comparison, peer companies Hewlett-Packard Enterprise (HPE), NetApp (NTAP), and Cisco Systems (CSCO) are trading at discounts of 4.9%, 3.5%, and 13.8%, respectively, to median analyst estimates.

From the Street: How Do Analysts View Brocade Now?

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Shareholder returns and stock trends

On November 22, 2016, Brocade Communications (BRCD) generated investor returns of 25.9% in the trailing 12-month period and 42.7% in the trailing-one-month period.

By comparison, BRCD generated -21.2% in 2015 and generated a return of 35.1% YTD (year-to-date) on August 26. The company’s share price rose 0.2% in the trailing five-day period.

Moving averages

On November 22, BRCD closed the trading day at $12.4. Based on this figure, here’s how the stock fared in terms of moving averages:

  • 27.4% above its 100-day moving average of $9.73
  • 23% above its 50-day moving average of $10.08
  • 6.4% above its 20-day moving average of $11.65

MACD and RSI

A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. BRCD’s 14-day MACD is 0.79. This positive figure indicates a rising trading trend.

BRCD’s 14-day RSI (relative strength index) reading is 60, which shows that the stock is approaching overbought territory. Generally, if an RSI reading is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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