Orlando, FL -- (SBWIRE) -- 10/08/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On The Wendy's Company (NASDAQ:WEN), Brocade Communications Systems, Inc.(NASDAQ:BRCD).
The Wendy's Company (NASDAQ:WEN) shares dropped 0.12% to $8.33. The company on Sept. 18 announced that Margaret R. Nollen ("Meg") has been named to the new position of Senior Vice President, Investor Relations and Strategy, effective immediately.
Additionally, WEN’s stock was upgraded by investment analysts at Argus from a “hold” rating to a “buy” rating in a note issued to investors on Sept. 12. The firm currently has a $10.00 price target on the stock.
Are investors worried about the recent updates with WEN? Find out with a free trend analysis HERE
Brocade Communications Systems, Inc.(NASDAQ:BRCD) shares declined 0.96% to $8.22. The company on Oct. 1, announced that the company's storage area networking (SAN) management technology is now available for more than 50,000 joint EMC and Brocade customers to immediately realize the virtualization benefits of the EMC® ViPR™ Software-Defined Storage Platform within highly virtualized cloud environments.
Additionally, the company on Sept. 25 announced an expanded capital allocation strategy that reflects the company's confidence in its long-term business prospects and increasing cash flow. As part of this strategy, Brocade is announcing today that its Board of Directors has increased the authorization to repurchase its common stock from $308 million to $1 billion.
Is BRCD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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