Cantor Fitzgerald Reiterates a 'Buy' on Brocade (BRCD); Frankly...We Expect A Lot; Strategic Suitor Questionable
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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
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Cantor Fitzgerald reiterates a 'Buy' on Brocade (NASDAQ: BRCD) price target of $7.00 (from $6.00).
Analyst, Paul Mansky, said, "We expect market share gains in Fibre Channel, better execution in Ethernet, and rapidly improving balance sheet to be catalysts for reduced investor apathy over the coming year."
"The case for a strategic suitor is still questionable. However, we view the recent management/board transition, an activist owner at 9.2% (not un-related) and the proposed sale/lease-back as making the case for privatization incrementally attractive. If this were to transpire, we would view EV/Sales of 2.0x as reasonable, or $9-10."
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 $5.88 yesterday.
Analyst, Paul Mansky, said, "We expect market share gains in Fibre Channel, better execution in Ethernet, and rapidly improving balance sheet to be catalysts for reduced investor apathy over the coming year."
"The case for a strategic suitor is still questionable. However, we view the recent management/board transition, an activist owner at 9.2% (not un-related) and the proposed sale/lease-back as making the case for privatization incrementally attractive. If this were to transpire, we would view EV/Sales of 2.0x as reasonable, or $9-10."
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 $5.88 yesterday.
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