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BROCADE COMMUNICATIONS SYSTEMS, INC. (BRCD) CEO Michael Klayko sells 50,000 Shares

December 17, 2010 | About:
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CEO of BROCADE COMMUNICATIONS SYSTEMS, INC. (BRCD) Michael Klayko sells 50,000 shares of BRCD on 12/15/2010 at an average price of $5.31 a share.

Brocade Communications Systems, Inc. has a market cap of $2.41 billion; its shares were traded at around $5.32 with a P/E ratio of 14.9 and P/S ratio of 1.2. Brocade Communications Systems, Inc. had an annual average earning growth of 3.8% over the past 10 years. GuruFocus rated Brocade Communications Systems, Inc. the business predictability rank of 2-star.

BRCD is in the portfolios of John Buckingham of Al Frank Asset Management, Inc., Richard Perry of Perry Capital, Steven Cohen of SAC Capital Advisors, NWQ Managers of NWQ Investment Management Co, Kenneth Fisher of Fisher Asset Management, LLC, Chuck Royce of Royce& Associates, Pioneer Investments, Richard Snow of Snow Capital Management, L.P., John Paulson of Paulson & Co., Louis Moore Bacon of Moore Capital Management, LP, PRIMECAP Management, Louis Moore Bacon of Moore Capital Management, LP, George Soros of Soros Fund Management LLC.


This is the insider trade history vs. stock price of BRCD. For the complete insider trading history of BRCD, click here.




Directors and Officers Recent Trades:


  • Sell: VP, Corporate Development Tejinder Grewal sold 112,408 shares of BRCD stock on 11/05/2010 at the average price of 6.11. Tejinder Grewal owns at least 7,599 shares after this. The price of the stock has decreased by 12.93% since.

  • Sell: Director Renato A Dipentima sold 20,000 shares of BRCD stock on 09/27/2010 at the average price of 6.08. Renato A Dipentima owns at least 45,826 shares after this. The price of the stock has decreased by 12.5% since.

  • Sell: VP, Corporate Development Tejinder Grewal sold 65,007 shares of BRCD stock on 09/22/2010 at the average price of 6.2. The price of the stock has decreased by 14.19% since.

  • Sell: SVP, World Wide Sales Ian Edward Whiting sold 3,425 shares of BRCD stock on 06/22/2010 at the average price of 5.49. The price of the stock has decreased by 3.1% since.


About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 4.3/5 (6 votes)

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