UBS Maintains a 'Neutral' on Brocade (BRCD); Demand + U.S. Fed Spending May Help Near-Term
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
UBS maintains a 'Neutral' on Brocade (NASDAQ: BRCD) price target raised from $3.75 to $4.35.
UBS analyst says, "Our checks and industry laterals indicate US networking demand remains pretty solid, which we believe may bode well for Brocade in the near-term. Additionally, US Fed Gov spending appears to be outperforming versus many investors expectations, which may help Brocade’s near-term performance on the margin."
"Despite the potential tailwind for Brocade our 4Q, CY11 and CY12 sales and EPS estimates remain unchanged. We estimate 4Q sales and EPS of $530M and $0.10. Our CY11E and CY12E sales and EPS are $2.12B (+1%) and $0.41 and $2.22B (+5%) and $0.45."
For more ratings news on Brocade click here and for the rating history of Brocade click here.
Shares of Brocade closed at $4.30 yesterday.
UBS analyst says, "Our checks and industry laterals indicate US networking demand remains pretty solid, which we believe may bode well for Brocade in the near-term. Additionally, US Fed Gov spending appears to be outperforming versus many investors expectations, which may help Brocade’s near-term performance on the margin."
"Despite the potential tailwind for Brocade our 4Q, CY11 and CY12 sales and EPS estimates remain unchanged. We estimate 4Q sales and EPS of $530M and $0.10. Our CY11E and CY12E sales and EPS are $2.12B (+1%) and $0.41 and $2.22B (+5%) and $0.45."
For more ratings news on Brocade click here and for the rating history of Brocade click here.
Shares of Brocade closed at $4.30 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
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
UBSSign 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!
