Goldman Sachs Maintains Sell on Brocade Communications
Goldman Sachs is out with its report today on Brocade Communications (NASDAQ: BRCD), maintaining Sell.
In its report, Goldman Sachs writes, "On average, we are lowering our FY11-13 revenue estimates by 1% and EPS by 3%. Given our below consensus estimates and macro headwinds, we reiterate our Sell rating."
Goldman Sachs maintains a $3.30 PT on BRCD.
At the time of posting, shares of BRCD were trading at $3.33, up 0.30% from Thursday's close.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.