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 day’s trading. There’s 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 Zack’s Rank: 3 out of 24 in the industry
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