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Enter Symbol:
 
Brocade Communications Systems, Inc. (BRCD) [hlAlert]

Rating:
Buy BRCD
up 235.33 %

Brocade Communications Systems, Inc. (BRCD) rated Buy with price target $5 by Needham

Posted on: Friday,  Feb 20, 2009  8:25 AM ET by Needham

Needham rated Buy Brocade Communications Systems, Inc. (NASDAQ: BRCD) on 02/20/2009, when the stock price was $3.17. Since
then, Brocade Communications Systems, Inc. has gained 235.33% as of 01/05/2016's recent price of $10.63.
If you would have followed this Needham's recommendation on BRCD, you would have gained 235.33% of your investment in 2510 days.

Brocade Communications Systems, Inc. delivers industry-leading platforms, solutions, and services for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The world's premier systems, server, and storage providers offer the Brocade SilkWorm family of Storage Area Network connectivity platforms as the foundation for shared storage in organizations of all sizes. In addition, the Brocade Tapestry family of IT infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their IT resources.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2009 8:25 AM Buy
None
3.17 5.00
as of 12/31/2009
1 Week down  -28.02 %
1 Month down  -20.31 %
3 Months down  -28.11 %
1 YTD up  78.23 %

(*) Stock Price at the time of the recommendation.
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