Canaccord Genuity Maintains a 'Buy' on Brocade (BRCD); Not Pretty, but Not Going Away
Tweet
Share
E-mailGet Alerts BRCD Hot Sheet
Price: $12.73 --0%
Rating Summary:
4 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Brocade (NASDAQ: BRCD) price target of $5.00.
Canaccord analyst, Paul H. Mansky, said, "Execution has been a challenge, exacerbated by macro headwinds disproportionately impacting areas of greater vertical concentration. However, Brocade owns among the most highly valued real estate in the Global 1K data center – which is not going away over the foreseeable future (> 5 years). While not pretty near term, at <1x F2012E sales we view valuation as particularly compelling."
For more ratings news on Brocade click here and for the rating history of Brocade click here.
Shares of Brocade closed at $3.32 yesterday.
Canaccord analyst, Paul H. Mansky, said, "Execution has been a challenge, exacerbated by macro headwinds disproportionately impacting areas of greater vertical concentration. However, Brocade owns among the most highly valued real estate in the Global 1K data center – which is not going away over the foreseeable future (> 5 years). While not pretty near term, at <1x F2012E sales we view valuation as particularly compelling."
For more ratings news on Brocade click here and for the rating history of Brocade click here.
Shares of Brocade closed at $3.32 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Revolution (RVMD) PT Raised to $179 at Bernstein SocGen Group
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
