Brocade Communications Systems, Inc. (BRCD): Institutional Holdings and Trading Data

In the past 52-week period, shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) have moved within the range of $11.43 to $12.72. On the stock’s most recent trading day, the company’s shares ended the regular session at $12.48, which is 1.89% lower than its 52-week high.

Brocade Communications Systems, Inc. (BRCD) has demonstrated a 20-day simple moving average (SMA) of 4.30%, and a 50-day SMA of 3.14%. This public company’s current market capitalization stands at $5.30 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Measuring Wall Street analysts’ average enthusiasm for a specific stock is critical when considering a potential investment. According to the latest data, the consensus recommendation for Brocade Communications Systems, Inc. (BRCD) is Hold.

Publicly-traded companies normally report earnings and revenue figures that are either above or below the average Wall Street projection. In the most recent quarterly financial report, for the quarter ending Jul. 2017, Brocade Communications Systems, Inc. (BRCD) delivered a 6.39% surprise with its net revenue. Sales reached $0.55 billion during the three-month period, compared to the average analyst estimate of $0.59 billion.

Meanwhile, during the same quarter Brocade Communications Systems, Inc. (BRCD) delivered a 4.02% earnings surprise. Net earnings for the quarter were posted at $0.16 per share, whereas Wall Street had forecast $0.17 per share.

Ownership at Brocade Communications Systems, Inc. (BRCD), According to Most Recent SEC Filings

We can gain important insight by taking a look at institutional ownership, as detailed in public companies’ latest 13F filings. Brocade Communications Systems, Inc. (BRCD) has 0.41 billion shares outstanding currently, 80.76% of which belong to institutional investors. Those institutional holdings amount to $4.19 billion.

Additionally, according to the most recent 13F filing from Brocade Communications Systems, Inc. (BRCD), there were 20 new positions totaling 8,199,229 shares of the company’s stock. There were 48 sold out positions, on the other hand, totaling 17,439,599 shares.

Short, Medium and Long Term Indicators

Analyzing the average trade volume of a publicly-traded company’s stock – in the short, medium and long terms – is helpful for gaining insight into trading activity and general investor sentiment. Brocade Communications Systems, Inc. (BRCD) has had a 20-day average volume of 10,021,505 shares, with an average of 40% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 8,259,682 shares, with an average of 50% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 7,821,463 shares with 33% of long-term indicators pointing to Buy.