UBS Makes Note of Insider Buying at Brocade (BRCD); Remains Neutral - Balanced Risk/Reward

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UBS maintains a 'Neutral' on Brocade (NASDAQ: BRCD) price target of $5.25.

Analyst, Nikos Theodosopoulos, is taking a balanced risk/reward approach to the stock, but did note recent insider buying from the CEO, Michael A. Klayko, who purchased 50,000 shares on June 4, 2012 at $4.39/share and then 60,000 shares on June 12, 2012 at 4.50/share.

For an analyst ratings summary and ratings history on Brocade click here. For more ratings news on Brocade click here.

Shares of Brocade closed at $4.43 yesterday, with a 52 week range of $3.18-$6.85.

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