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

Rating:
Outperform
BRCD
up 242.90 %

Brocade Communications Systems, Inc. (BRCD) rated Outperform with price target $12 by Wedbush Morgan

Posted on: Tuesday,  Nov 10, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform Brocade Communications Systems, Inc. (NASDAQ: BRCD) on 11/10/2009. Previously Wedbush Morgan rated Buy Brocade Communications Systems, Inc. (NASDAQ: BRCD)
on 03/19/2009., when the stock price was $3.10. Since then, Brocade Communications Systems, Inc. has gained 242.90% as of 01/05/2016's recent price of $10.63.
If you would have followed the previous Wedbush Morgan's recommendation on BRCD, you would have gained 242.9% of your investment in 2483 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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2009 9:25 AM Buy
None
9.14 12.00
as of 12/31/2009
1 Week down  -28.02 %
1 Month down  -20.31 %
3 Months down  -28.11 %
1 YTD down  -38.18 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/19/2009 1:25 PM Buy
None
3.10

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