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

June 15, 2012 12:18 PM EDT
Get Alerts BRCD Hot Sheet
Price: $12.73 --0%

Rating Summary:
    4 Buy, 22 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Insider Trades

Related Entities

UBS