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BROCADE COMMUNICATIONS SYSTEMS, INC. (BRCD) CFO, VP of Finance Daniel W Fairfax sells 29,842 Shares

Feb 01, 2012 | About:
insider
insider
CFO, VP of Finance of BROCADE COMMUNICATIONS SYSTEMS, INC. (BRCD) Daniel W Fairfax sells 29,842 shares of BRCD on 01/31/2012 at an average price of $5.56 a share.

Brocade Communications Systems Inc. New has a market cap of $2.63 billion; its shares were traded at around $5.77 with a P/E ratio of 18.6 and P/S ratio of 1.2. Brocade Communications Systems Inc. New had an annual average earning growth of 23.8% over the past 10 years. GuruFocus rated Brocade Communications Systems Inc. New the business predictability rank of 2-star.

CFO Recent Trades:


  • CFO, VP of Finance Daniel W Fairfax sold 12,000 shares of BRCD stock on 12/22/2011 at the average price of 5.12. Daniel W Fairfax owns at least 268,343 shares after this. The price of the stock has increased by 12.7% since.
  • CFO, VP of Finance Daniel W Fairfax sold 12,000 shares of BRCD stock on 11/23/2011 at the average price of 4.99. Daniel W Fairfax owns at least 279,462 shares after this. The price of the stock has increased by 15.63% since.
  • CFO, VP of Finance Daniel W Fairfax sold 12,000 shares of BRCD stock on 10/27/2011 at the average price of 4.49. Daniel W Fairfax owns at least 277,064 shares after this. The price of the stock has increased by 28.51% since.
  • CFO, VP of Finance Daniel W Fairfax sold 12,000 shares of BRCD stock on 09/22/2011 at the average price of 4.01. Daniel W Fairfax owns at least 289,064 shares after this. The price of the stock has increased by 43.89% since.


For the complete insider trading history of BRCD, click here.

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


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