Active Equities in the Information Technology Sector - Broadcom, Brocade Communications, FireEye, Baidu and Avago Technologies

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Sep 29, 2015, 08:36 ET

NEW YORK, September 29, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on the following equities: Broadcom Corporation (NASDAQ: BRCM), Brocade Communications Systems, Inc. (NASDAQ: BRCD), FireEye, Inc. (NASDAQ: FEYE), Baidu, Inc. (NASDAQ: BIDU), and Avago Technologies Limited (NASDAQ: AVGO). On Monday, September 28, 2015, Nasdaq ended at 4,543.97, down 3.04%, Dow Jones declined 1.92% to finish the day at 16,001.89, and the S&P closed at 1,881.77, down 2.57%. Register for your complimentary reports at the links given below.

Broadcom Corp

Broadcom Corp's stock edged lower by 2.97% to close Monday's session at USD 50.58. The company's shares oscillated between USD 50.56 and USD 52.51. The stock recorded a trading volume of 6.41 million shares, which was above its 50-day daily average volume of 5.46 million shares. Over the last three days Broadcom Corp's shares have declined by 2.88% and in the past one week the stock has moved down 4.04%. Furthermore, over the past six months the shares have picked up 14.65%. Broadcom Corp has a current dividend yield of 1.07%. Further, the company stock is trading at a price to earnings ratio of 28.58 and price to book ratio of 3.20. Sign up and read the free notes on BRCM at: http://www.aciassociation.com/BRCM.pdf

Brocade Communications Systems Inc.

The stock of Brocade Communications Systems Inc. lost 0.95% to close Monday's session at USD 10.39. The shares of the company moved in the range of USD 10.32 and USD 10.50. A trading volume of 5.74 million shares was recorded, which was greater than its 150-day daily average volume of 4.34 million shares. Over the last five days Brocade Communications Systems Inc.'s shares have advanced 0.19% and in the past one month the stock has lost 2.07%. Additionally, over the last three months the stock has declined 12.32% and in the past six months the shares have registered a loss of 11.87%. Further, the company is trading at a price to earnings ratio of 13.32 and price to book ratio of 1.75. This compares to a historical PE ratio of 20.15 and historical PB ratio of 1.92. Register for free on ACI Association and access the latest research on BRCD at: http://www.aciassociation.com/BRCD.pdf

FireEye Inc.

FireEye Inc.'s stock decreased by 3.43% to close Monday's session at USD 31.51. The company's shares fluctuated in the range of USD 31.21 and USD 32.52. A total of 4.59 million shares exchanged hands, which was lesser than its 50-day daily average volume of 5.50 million shares. Over the last three days FireEye Inc.'s shares have declined by 6.19% and in the past one week the stock has moved down 14.81%. Furthermore, over the last three months the stock has lost 34.05% and in the past six months the shares have shed 21.29%. The company has shown negative returns of 35.51% in the past three months and 20.85% in the last half year, on a compounded total return basis. The complete research on FEYE is available for free at: http://www.aciassociation.com/FEYE.pdf

Baidu Inc.

Baidu Inc.'s stock slipped by 0.95% to close Monday's session at USD 133.06. The company's shares oscillated between USD 132.36 and USD 135.41. The stock recorded a trading volume of 4.05 million shares, which was above its 52-week average volume of 3.66 million shares. Over the last five days Baidu Inc.'s shares have declined by 5.52% and in the past one month the stock has lost 6.56%. In addition, over the last three months the stock has lost 33.64%. The company stock has given a negative return of 12.54% in the past one month. Further, the company is trading at a price to earnings ratio of 22.36 and price to book ratio of 5.31. This compares to a historical PE ratio of 45.99 and historical PB ratio of 9.65. Free in-depth research on BIDU is available at: http://www.aciassociation.com/BIDU.pdf

Avago Technologies Ltd

Avago Technologies Ltd's stock declined 4.65% to close Monday's session at USD 120.85. The share price vacillated between USD 120.81 and USD 128.17. The stock recorded a trading volume of 3.99 million shares, which was above its 52-week average volume of 2.85 million shares. Over the last three days Avago Technologies Ltd's shares have declined by 3.74% and in the past one week the stock has moved down 5.04%. Moreover, in the last six months the stock has lost 7.43% while year to date the shares have picked up 21.33%. On a compounded total return basis, the company has returned 40.47% in the past one year. Avago Technologies Ltd has a current dividend yield of 1.33%. Further, the company is trading at a price to earnings ratio of 31.72, price to book ratio of 7.52 and price to cash flow ratio of 14.91. The complimentary notes on AVGO can be downloaded in PDF format at: http://www.aciassociation.com/AVGO.pdf

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