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Brocade's Revenue Fell Shy of Estimates in Fiscal 1Q17

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Part 4
Brocade's Revenue Fell Shy of Estimates in Fiscal 1Q17 PART 4 OF 4

Word on the Street: How Analysts View Brocade Now

Analysts’ recommendations

Of the 15 analysts covering US-based (SPY) Brocade Communications Systems (BRCD), one has recommended a “buy,” one has recommended a “sell,” and 13 have recommended “holds.” Analysts’ target price for the stock is $13.5, and the median target estimate for the stock is $12.75.

Brocade is trading at a discount of 3.4% to analysts’ median estimate. In comparison, peer companies Hewlett-Packard Enterprise (HPE), NetApp (NTAP), and Cisco Systems (CSCO) are trading at discounts of 4.5%, 5%, and 2%, respectively, to analysts’ median estimates.

Word on the Street: How Analysts View Brocade Now

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Shareholder returns and stock trends

As of February 24, 2017, Brocade Communications had generated investor returns of -1.1% in the trailing-12-month period and 23.7% in the trailing-one-month period. In comparison, BRCD generated -21.2% in 2015 and 39% in 2016. It’s generated a return of -1.3% YTD (year-to-date) as of February 24. The company’s share price rose 0.6% in the trailing-five-day period.

Moving averages

On February 24, BRCD closed the trading day at $12.33. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 5.5% above its 100-day moving average of $11.69
  • 0.9% below its 50-day moving average of $12.44
  • 0.6% below its 20-day moving average of $12.40

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 -0.02. This negative figure indicates a downward trading trend.

BRCD’s 14-day RSI (relative strength index) reading is 26, which shows that the stock has likely been oversold. Generally, if an RSI reading is above 70, it indicates that a stock has been overbought. An RSI figure of below 30 suggests that a stock has been oversold.

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