Caesarstone Ltd. (CSTE) Reaches $23.15 1 Year Low; Last Week Brocade Communications Systems, Inc. (BRCD) Coverage

December 6, 2017 - By Marie Mckinney

The stock of Caesarstone Ltd. (NASDAQ:CSTE) hit a new 52-week low and has $22.22 target or 4.00% below today’s $23.15 share price. The 5 months bearish chart indicates high risk for the $794.95M company. The 1-year low was reported on Dec, 6 by Barchart.com. If the $22.22 price target is reached, the company will be worth $31.80M less. The stock decreased 3.94% or $0.95 during the last trading session, reaching $23.15. About 95,347 shares traded. Caesarstone Ltd. (NASDAQ:CSTE) has risen 6.39% since December 6, 2016 and is uptrending. It has underperformed by 10.31% the S&P500.

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Friday, September 29. The rating was upgraded by Goldman Sachs to “Neutral” on Monday, August 24. The firm has “Neutral” rating by Citigroup given on Friday, August 19. The firm earned “Equalweight” rating on Friday, May 20 by Barclays Capital. The rating was upgraded by Argus Research to “Buy” on Thursday, April 7. UBS maintained the shares of BRCD in report on Friday, May 20 with “Sell” rating. The firm has “Underperform” rating given on Thursday, July 14 by Robert W. Baird. The stock of Brocade Communications Systems, Inc. (NASDAQ:BRCD) earned “Equal-Weight” rating by Barclays Capital on Tuesday, August 23. The firm has “Neutral” rating given on Friday, August 26 by Citigroup. William Blair maintained the shares of BRCD in report on Friday, August 21 with “Market Perform” rating. See Brocade Communications Systems, Inc. (NASDAQ:BRCD) latest ratings:

29/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $13.0 Maintain
29/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $12.75 Maintain
24/08/2017 Broker: RBC Capital Markets Rating: Hold New Target: $12.75 Maintain
25/08/2017 Broker: Robert W. Baird Rating: Hold Maintain
17/08/2017 Broker: Robert W. Baird Rating: Hold New Target: $13.0 Maintain
15/08/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $12.75 Maintain
17/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $12.7500 Maintain
09/06/2017 Broker: RBC Capital Markets Rating: Hold New Target: $12.7500 Maintain

Brocade Communications Systems, Inc

Since June 8, 2017, it had 0 insider purchases, and 1 sale for $98,731 activity. $864,319 worth of Brocade Communications Systems, Inc. (NASDAQ:BRCD) was sold by CHENG KEN. Shares for $98,731 were sold by ODONNELL ELLEN on Wednesday, June 14.

It closed at $12.73 lastly. It is down 58.47% since December 6, 2016 and is uptrending. It has outperformed by 41.77% the S&P500.

Investors sentiment decreased to 1.1 in 2017 Q2. Its down 0.10, from 1.2 in 2017Q1. It dived, as 36 investors sold Brocade Communications Systems, Inc. shares while 76 reduced holdings. 27 funds opened positions while 96 raised stakes. 324.45 million shares or 1.36% more from 320.11 million shares in 2017Q1 were reported. York Capital Mngmt Advsr Limited Liability holds 1.54% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 5.85 million shares. State Common Retirement Fund invested 0.01% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD). 17,408 were reported by Commonwealth Equity Svcs. Raymond James Associate accumulated 136,150 shares or 0% of the stock. Ubs Asset Management Americas holds 330,128 shares or 0% of its portfolio. 158,847 are held by Credit Agricole S A. Pentwater Cap L P reported 6.04M shares. Liberty Mutual Grp Asset Mngmt accumulated 159,596 shares. 246,421 were accumulated by Invesco Limited. Whittier Tru Of Nevada reported 80 shares. Gideon Cap Advisors Inc reported 0.24% in Brocade Communications Systems, Inc. (NASDAQ:BRCD). Btg Pactual Global Asset Ltd holds 0.8% of its portfolio in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 219,310 shares. Capital Fund Mngmt Sa stated it has 310,145 shares or 0.03% of all its holdings. Gam Hldg Ag reported 497,795 shares or 0.09% of all its holdings. Moreover, Great West Life Assurance Comm Can has 0.01% invested in Brocade Communications Systems, Inc. (NASDAQ:BRCD) for 244,196 shares.

Caesarstone Ltd., together with its subsidiaries, makes and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company has market cap of $794.95 million. The Company’s engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market. It has a 17.89 P/E ratio. The companyÂ’s products are also used in other applications, such as vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications.

Among 10 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 have Buy rating, 3 Sell and 4 Hold. Therefore 30% are positive. Caesarstone Sdot-Yam has $67 highest and $14 lowest target. $32.50’s average target is 40.39% above currents $23.15 stock price. Caesarstone Sdot-Yam had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 29. The company was downgraded on Thursday, November 3 by Stifel Nicolaus. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 2. Chardan Capital Markets maintained it with “Hold” rating and $32.0 target in Tuesday, November 7 report. The stock of Caesarstone Ltd. (NASDAQ:CSTE) earned “Underweight” rating by JP Morgan on Thursday, November 2. The stock of Caesarstone Ltd. (NASDAQ:CSTE) has “Buy” rating given on Monday, November 7 by Chardan Capital Markets. The firm has “Buy” rating given on Monday, August 24 by JP Morgan. As per Thursday, February 11, the company rating was downgraded by Barclays Capital. The stock has “Buy” rating by Stifel Nicolaus on Thursday, February 11. The rating was maintained by Stifel Nicolaus on Friday, October 2 with “Buy”.

Analysts await Caesarstone Ltd. (NASDAQ:CSTE) to report earnings on February, 14. They expect $0.28 earnings per share, down 36.36% or $0.16 from last year’s $0.44 per share. CSTE’s profit will be $9.61M for 20.67 P/E if the $0.28 EPS becomes a reality. After $0.19 actual earnings per share reported by Caesarstone Ltd. for the previous quarter, Wall Street now forecasts 47.37% EPS growth.

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