Market Overview

Morgan Stanley Sees Brocade Communications Systems As On-Track to Hit Annual Guidance

Related BRCD
Top 4 NASDAQ Stocks In The Data Storage Devices Industry With The Highest Dividend Yield
Top 4 Stocks In The Data Storage Devices Industry With The Highest Gross Margin
Good Time to Buy Brocade Communications? (Fox Business)

In a report published Friday, Morgan Stanley analyst Scott Schmitz reiterated an Equal-Weight rating on Brocade Communications Systems (NASDAQ: BRCD).

In the report, Morgan Stanley noted, “Improved execution, restructuring benefits, and a more focused go-to-market strategy offset secular pressure in the SAN business. The Ethernet business takes share in the data center market, but Federal exposure creates volatility. BRCD trades in-line with enterprise peers that face similar secular growth headwinds, while balance sheet improvements and stable cash generation offer downside protection.”

Brocade Communications Systems closed on Friday at $9.43.

Latest Ratings for BRCD

DateFirmActionFromTo
Aug 2014Deutsche BankMaintainsHold
Aug 2014UBSMaintainsNeutral
May 2014Deutsche BankMaintainsHold

View More Analyst Ratings for BRCD
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Scott SchmitzAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BRCD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters