Of the 23 analysts covering US-based (SPY) Brocade Communications Systems (BRCD), four have given it “buy” recommendations, two have recommended a “sell,” and 17 have recommended a “hold.” Analysts’ target price for the stock is $9.47, and the median target estimate is $9.
Shareholder returns and stock trends
Brocade generated investor returns of -4.6% in the trailing-12-month period and 2% in the trailing-one-month period, as of August 10. By comparison, the company generated -21.2% in 2015 and has generated a return of -5.6% YTD (year-to-date), as of August 10. The company’s share price has risen by 5% in the trailing-five-day period.
By comparison, peer companies Hewlett Packard Enterprise (HPE), NetApp (NTAP), and Cisco Systems (CSCO) have generated returns of 11.4%, 13.1%, and 4.8%, respectively, in the trailing-one-month period.
On August 10, 2016, BRCD closed the trading day at $9.69. Based on this figure, here’s how the stock fared in terms of moving averages:
- 5.8% above its 100-day moving average of $9.16
- 5.9% above its 50-day moving average of $9.15
- 4.9% above its 20-day moving average of $9.24
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 0.07. This positive figure indicates a rising trading trend.
BRCD’s 14-day RSI (relative strength index) reading is 64, which shows that the stock is near 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.