Brocade Communications Systems (BRCD) : Earnings Whisper

Brocade Communications Systems, Inc. (BRCD) is set to report its 3Q15 results after the market close on Thursday. The technology company specializing in data and storage networking products is expected to report revenue of $550.53 million. Similarly, the EPS is projected at $0.22. A year ago, Brocade earned $0.23 a share. The Street’s estimates for the quarter reflect a year-over-year EPS decline of 4.34%. Revenues are projected to increase more than one percent. Meanwhile, reports a whisper number of $0.23 per share.

As a quick reminder, BRCD reported 2Q/15 EPS of $0.20, in-line with the Street’s consensus estimate. Revs rose 1.90% year-over-year to $547 million from $537 million a year earlier.

Fundamentally, BRCD shows the following financial data:

  • $1.37 billion in cash in most recent quarter
  • $3.73 billion t-12 total assets
  • $2.41 billion total equity
  • $2.23 billion t-12 revenue
  • $237.97 million annual net income
  • $486.86 million free cash flow

On valuation measures, Brocade Communications Systems Inc. shares have a T-12 price/sales ratio of 1.86 and a price/book for the same period of 1.70. EPS is $0.76. The name has a market cap of $4.12 billion and a median Wall Street price target of $12.00 with a high target of $16.00. Currently, there are 2 analysts that rate BRCD a ‘Buy’, 19 rate it a ‘Hold’. 2 analysts rate it a ‘Sell’.

In terms of share statistics, Brocade Communications has a total of 415.33 million shares outstanding with 7.70% held by insiders and 82.20% held by institutions. The stock’s short interest currently stands at 2.78%, bringing the total number of shares sold short to 11.51 million.

Offering a dividend yield of 1.80%, shares of the San Jose, California-based company are up 9.04% year-over-year ; down 14.99% year-to-date.

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