Shares of BRCD traded higher by 4.82% or $0.16/share to $3.48. Brocade Communications Systems, Inc. is trading at a price to book ratio of 0.72. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.81 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.74. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 14984200 shares of BRCD exchange hands on a given day and today's volume is recorded at 9159277. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Brocade Communications Systems, Inc. (Brocade), incorporated on August 24, 1995, is a supplier of networking equipment, including end-to-end Internet Protocol (IP)-based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers.
