Brocade Communications Systems Inc. (NASDAQ:BRCD) Upgraded To Buy

Brocade Communications Systems Inc. (NASDAQ:BRCD) has been upgraded by
Wunderlich as a mark of the latest development. Brocade Communications Systems
Inc. (NASDAQ:BRCD) Upgraded To Buy Though the target price disclosed for network
equipment maker BRCD was near $8.00, Wunderlich entered a buy recommendation, up
from the previously disclosed hold recommendation. Brocade Communications
Systems Inc. (NASDAQ:BRCD) is a network equipment provider that conducts its
business in the Data Storage Devices industry with a portfolio of about 4,651
employees. In the financial reporting for its first fiscal quarter, the company
declared that its recorded quarterly revenues of $546 million. Brocade
Communications Systems Inc. (NASDAQ:BRCD) shares were at 6.38 at the end of the
last days trading. Theres been a 11.0% change in the stock price over the past 3
months. Brocade Communications Systems Inc. (NASDAQ:BRCD) Analyst Advice
Consensus Opinion: Hold Mean recommendation: 2.1 (1=Strong Buy, 5=Strong Sell) 3
Months Ago: 2.31 Zacks Rank: 3 out of 24 in the industry