Shares of BRCD fell by 0.95% or $-0.05/share to $5.21. NASDAQ is trading at a price to book ratio of 1.09. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.85 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.05. Thus, the company is not very expensive in terms of its sales. On average, 5506170 shares of BRCD exchange hands on a given day and today's volume is recorded at 3457509. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Brocade Communications Systems, Inc. (Brocade) is a supplier of networking equipment, including end-to-end Internet Protocol-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.
